The Real Deal New York

Joyland, Meral Property seeking retail tenants for new 60K sf Flatbush space

Developers taps RKF to lure one or more big-box stores

May 06, 2015 04:20PM
By Tess Hofmann

Rendering of mixed-use development at Nostrand Avenue and Avenue I in Flatbush

Rendering of mixed-use development at Nostrand Avenue and Avenue I in Flatbush (via RKF)

Joyland Group and Meral Property Group are looking for tenants to occupy the 60,000-square-foot retail portion of a six-story, mixed-use building coming to Flatbush, The Real Deal has learned.

The project, located at Nostrand Avenue and Avenue I, is slated to hold retail across three floors, 24,500 square feet on the ground floor, 10,000 square feet on the mezzanine level, and 25,500 square feet on the second floor. One or more big-box retailers could occupy the space. The building will also hold 40,000 square feet for office space and a parking garage.

The developers hired RKF’s Barry Fishbach and Eddie Mamiye to market the retail at the proposed building, as a well as a 6,800-square-foot space at 2233 Nostrand Avenue that formerly housed a Family Dollar store. Fishbach said it could accommodate a restaurant or retailer.

“Given the close proximity of Brooklyn College and the Triangle Junction Mall, Flatbush Junction is an established trade area with strong foot traffic from students, faculty and residents,” Fishbach said in a statement. “Both locations are easily accessible by public transportation, while the parking garage adjacent to each building will help accommodate more shoppers from outside the immediate area.”

Joyland Group and Meral Property Group are Brooklyn-based developers. They could not be reached for comment.

Nike’s first Brooklyn store, a 20,000-square-foot space, is planned for 2236 Nostrand Avenue, just across the street from the new development. A 225,000-square-foot Target is also located adjacent to the site.