Fulton Mall

Demolition means progress, but what’s the plan?

Demolition from Albee Square

There’s still very little known about the future of the block adjacent to Albee Square, where Dekalb Ave curves to meet Fulton Street and becomes Bond Street. But progress is being made, in the form of demolition. Pretty much everything east of Duane Reade has been razed.

Retail rent prices are soaring in Downtown Brooklyn

Fulton Mall mural at Albee Square

From The Raw Deal, regarding retail rents going up up up in Brooklyn:

Downtown Brooklyn’s Fulton Mall from Boerum Place to Flatbush Avenue remained the most expensive strip with average asking rent of $359 per square foot, up 10 percent from a year earlier.

I doubt anyone is surprised. With the sheer number of chain stores in our zip code, how could the rent not be that ridiculous? Not that I was expecting any mom-and-pop stores in the neighborhood.