Winick Realty Group, Red Apple Group and the Myrtle Avenue BID Unveil More than 53,000 SF of Newly-Constructed Retail in Downtown Brooklyn
Winick Realty Group, Red Apple Group and the Myrtle Avenue BID welcomed real estate professionals to 81 Fleet Place on Wednesday October 7 to experience the newly-constructed retail and residential towers that are filling a previously-underutilized stretch of Myrtle Avenue.
The building complex that consists of 180 Myrtle Avenue (aka “The Margo”), 81 Fleet Place (aka “The Giovanni”), 86 Fleet Place and 218 Myrtle Avenue (aka “The Andrea”) is bringing approximately 1,000 new residential units to the neighborhood, which has seen an incredible building boom in recent years. More than 5,000 residential apartments are located within a two-block radius, as are the City Point retail complex; the Barclay’s Center, which is the most profitable entertainment venue in the United States; and Metro Tech, which comprises more than three million sf of office space.
“This project is creating one cohesive neighborhood connecting both sides of Fort Greene Park and it is helping to make Downtown Brooklyn a dynamic and vital area that young professionals and families can call home,” said Diana D. Boutross of Winick Realty Group, who, along with Winick Realty Group CEO Jeff Winick, is currently marketing more than 30,000 square feet of retail availabilities at 180 Myrtle Avenue, 81 Fleet Place and 86 Fleet Place.
Red Apple Group Chairman John Catsimatidis spoke at the event, reflecting on his long history with the neighborhood dating back to his days at Brooklyn Tech High School. Through his vision, four buildings are rising in the place of parking lots and there is now ample opportunity to bring much-needed amenities to the residents, students, shoppers and tourists who frequent Downtown Brooklyn.
The retail at 218 Myrtle Avenue has already been successfully leased to a CVS and a Red Apple Supermarket. Boutross and Winick are currently marketing 10,541sf at 180 Myrtle Avenue, 11,773sf at 81 Fleet Place and 10,025sf at 86 Fleet Place, representing the largest contiguous retail space available in the market. Each storefront offers a variety of possible divisions with 18-foot ceiling heights and on-site parking, as well as unprecedented accessibility to every subway line—including the A, C, F, N and R at Jay Street/Metro Tech; the 2 and 3 at Hoyt Street; and the B. Q. and R at DeKalb Avenue.
“Downtown Brooklyn is now the third largest market in the world and thanks to the foresight and vision of John Catsimatidis and Red Apple Group, we have the opportunity for an engaging mix of retail options that will change the neighborhood very quickly,” said Boutross.
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Winick Realty Group is one of New York’s prominent real estate firms specializing in retail leasing and advisory services. Over the years, Winick Realty has served a broad range of domestic and global clients, with a strong emphasis on long-term representation and expansion and growth strategies. Winick Realty Group is highly recognized as a forerunner in the retail real estate market.