Real Estate Weekly
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Retail

TerraCRG marketing Myrtle Plaza retail

TerraCRG has been retained as the exclusive agent for all retail leasing at 531 Myrtle Avenue in Clinton Hill, Brooklyn.

Rendering of the new building
Rendering of the new building

Peter Schubert, director of commercial leasing is representing the landlord along with Dan Marks and Joseph Terzi.

The new mixed use development will be located on the corner of Myrtle Avenue and Steuben Street.

The highly visible storefront will be at the base of a 27-unit luxury residential building with 75 ft. of frontage on Myrtle Avenue and 72 ft. on Steuben.

The leasable area will consist of 6,000 s/f on the ground floor with 14 ft. ceilings and a 3,000 s/f basement. The space can be divided and built-to-suit.

The new development, which was previously the site of a White Castle drive-thru, will be available for occupancy in early 2016.

There more than 230 residential units in construction within two blocks of the new site, which is located directly across the street from Pratt Institute where over 5,000 students are enrolled. The corner will form a part of the planned Myrtle Avenue Plaza, a 25,000 s/f pedestrian oasis scheduled to be constructed over the next year.

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