Albee Square getting even more food options with new Fresh Grocer
Target
Retail rent prices are soaring in Downtown Brooklyn
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.
A couple of award-winning buildings in our hood
The Urban Land Institute New York (ULI NY) award ceremony was on April 10th, and a few of our very own buildings were among the winners (emphasis theirs):
Some of this year’s winners from Brooklyn included Dumbo-based Two Trees Development, which nabbed the Excellence in Market-Rate Housing Development award for their breathtaking 300 Ashland building, which is already being regarded as iconic as part of the BAM Cultural District.