On the plus side:
+ The $15 million Fulton Streetscape Project (left) continues. The project will create improved landscaping, modern street furniture, and additional seating and public spaces on Fulton Street. Downtown Brooklyn Partnership
+ H & M will be opening on Fulton Street (at Bridge) in spring, 2010.
On the minus side:
- The asking retail rents on Fulton Street have fallen by a third from their high in 2007, again according to Crain's.
- A second-hand shop -- Unique Thrift Store -- will be moving into space that was supposed to be a Steve & Barry's store at 408 Fulton St. According to the New York Post, the space includes the basement and ground, second and third floors of the former Woolworth Building.*
The Pardon Me For Asking blog helps put this all into a historical perspective. PMFA got ahold of a New York Times article from 1947 that describes how new zoning would "bar all except high class retailers" from Downtown's Fulton Street, turning it into something similar to Manhattan's Fifth Avenue.
Will the glory days return to Fulton?
*The Woolworth's on Fulton Street opened sometime around 1900. According to the book "Remembering Woolworth's," by Karen Plunkett-Powell, the grand opening crowd was so large police had to be called in. "150 pretty girls" were on hand to tend to the shoppers. (Mr. Woolworth himself lived in a mansion in Bedford Stuyvesant.)