Brooklyn’s eight-block-long Fulton Street Mall has seen major national brands reminiscent of Nordstrom Rack, American Eagle Outfitters, Gap, Pandora and Aldo claim storefronts previously dominated by low cost fast-food and junk stores.
Macy’s thrives in reduced size. The reborn Gage & Tollner restaurant revived a taste of Fulton’s long-ago dining glamour.
Also reflecting the strip’s rising fortunes, New Jersey’s low-key Inserra family, owners of dozens of supermarkets within the state, have signed a lease for a 21,000 square-foot emporium called The Fresh Grocer at RMC Assets’ 523 Fulton St. RMC owner Raymond M. Chera spent $20 million to renovate and modernize the century-old, three-story constructing.
The store may have a Fulton Street entrance with the majority of the space downstairs. Cushman & Wakefield’s Ian Lerner represented the owner while Lee & Associates’ Steve Lorenzo repped the Inserras.
Lerner said Fresh Grocer, which spearheads an expansion by the Inserras, may have “a outstanding presence on one among Brooklyn’s highest-profile streets. RMC Assets is committed to enhancing the neighborhood by attracting premier national credit tenants to the Fulton Mall area.”
The constructing occupies the entire blockfront between Duffield Street and Albee Square West. Brooklyn Hospital earlier leased over 51,000 square feet of office space within the 114,000 square-foot constructing and Spectrum Cable took 3,900 square feet of ground-floor retail space.
The recent grocery store is ideally situated to tap a rapidly-growing customer base from nearby apartment towers, including at nearly-finished Brooklyn Tower, the borough’s tallest constructing.
