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Deals & Dealmakers

Brooklyn shopping options promise to keep getting better

Winick Realty Group, Red Apple Group and the Myrtle Avenue BID welcomed real estate professionals to 81 Fleet Place to experience the newly-constructed retail and residential towers that are filling a previously-underutilized stretch of Myrtle Avenue in Brooklyn.

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.

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 s/f of retail availabilities at 180 Myrtle Avenue, 81 Fleet Place and 86 Fleet Place.

Red Apple Group chairman John Catsimatidis reflected 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 opportunity to bring amenities to the residents, students, shoppers and tourists.

The retail at 218 Myrtle Avenue has already been leased to a CVS and a Red Apple Supermarket.

Boutross and Winick are marketing 10,541 s/f at 180 Myrtle Avenue, 11,773 s/f at 81 Fleet Place and 10,025 s/f at 86 Fleet Place, the largest contiguous retail space available in the market. Each storefront offers 18-foot ceiling heights and on-site parking.

“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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