Wednesday, August 29, 2012

Times Does Fulton Mall: Things Are Looking Up

Photo: Downtown Brooklyn Partnership
Fulton Mall in transition again:
The New York Times has put together a wrap up of the national retail chains flocking to the Fulton Street Mall in Downtown Brooklyn.

The latest retailer to sign a lease is the furniture chain Raymour & Flanigan, which will occupy the second floor at 490 Fulton Street.

Century 21, H&M and T. J. Maxx also plan to open stores, and many other chain outlets have already opened their doors.

The Times points to the area's growing student population, thousands of new residential units, millions of dollars in infrastructure spending by the city and several new hotels, and says that rents are rising.

A far cry from April, 2009, when City Point was put on hold, retail rents were in a slump, and an Arby's fast food joint (instead of Amy Ruth's) moved into the landmarked building that housed Gage & Tollner for more than a century.

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1 comment:

Anonymous said...

Raymour and Flanigan? Ugh. Always hoped Fulton Street would one day be cool. Always envisioned it as having potential to be NY's Bourbon Street, but it appears inevitable that all we will get is a suburban strip mall.