Fulton StreetFrom the February issue: Fulton Mall’s days as a sneaker store Shangri-la could be numbered. National retailers, as well as Brooklyn’s favorite hip-hop and up-and-coming real estate mogul, Jay-Z, are taking notice of Brooklyn’s busiest, and recently refurbished, retail corridor. This could mean promising days ahead for a tight-knit group of landlords controlling many of the street’s major properties.
Several surnames carry considerable weight when it comes to Fulton Mall real estate–Laboz, Chera, Jemal and Sutton among them. “These families will buy anything that comes available in the area,” said Marcia Rose Yawitz, who has worked with Fulton Mall investors for years as a principal at Eastern Consolidated Real Estate Investment Services. After the jump, a look at the properties, and respective owners, who stand to benefit most from changes underway on Fulton. [more]
