Upscale eateries wanted for Bed-Stuy retail strip

Bawabeh Realty Holdings would first replace T-shirt vendor, sneaker store, salon

TRD New York /
Sep.September 08, 2014 11:00 AM

Brooklyn-based developer Bawabeh Realty Holdings plans to convert the retail component of Six Properties Along Fulton Street in Bedford-Stuyvesant into a strip of upscale restaurants and boutique shops.

Bawabeh would first replace the current tenants – a T-shirt vendor, sneaker store, beauty shop and nail salon – that occupy the 1,000-square-foot, ground-floor spaces at 1347-1353 and 1359-1361 Fulton Street between Marcy Avenue and Verona Place. One of the retailers, New York French Cleaners, hoped to sign a long-term lease next year.

Broker Robert Earl of the Inhouse Group is handling marketing for the landlord, according to the New York Daily News. Asking rents are expected to be $50 to $55 per square foot for the new retail tenants.

Earl told the Daily News that the residential tenants are not being asked to vacate.

In February, Bawabeh sold a 428,550-square-foot vacant parcel near the Gateway Center in East New York for $40 million after scrapping plans to build a big-box retail complex, as The Real Deal reported. [NYDN]Mark Maurer


Related Articles

arrow_forward_ios
84 Putnam Ave and 308 N 7th Street in Brooklyn (Google Maps; 308n7)

Brooklyn luxury home sales remain 80% below last year

Brooklyn luxury home sales remain 80% below last year
122 Sanford Street and Yaniv Cohen (Credit: Google Maps)

Leviathan Capital bringing 132-unit project to Bed-Stuy

Leviathan Capital bringing 132-unit project to Bed-Stuy
Reverend Al Sharpton and 1215 Fulton Street (Credit: Getty Images and Google Maps)

Historic Slave Theater site will soon be co-living property

Historic Slave Theater site will soon be co-living property
Bedford-Stuyvesant homes (Credit: Wikipedia)

Seller’s remorse: Bed-Stuy family claims they were duped into selling home at far below its value

Seller’s remorse: Bed-Stuy family claims they were duped into selling home at far below its value
Alchemy purchases 9-building Bed-Stuy portfolio for $25M

Alchemy purchases 9-building Bed-Stuy portfolio for $25M

Alchemy purchases 9-building Bed-Stuy portfolio for $25M
Landmark Bed-Stuy townhouse sells for record-setting $6M

Landmark Bed-Stuy townhouse sells for record-setting $6M

Landmark Bed-Stuy townhouse sells for record-setting $6M
Brooklyn’s Renaissance Realty unloads $34M multifamily portfolio

Brooklyn’s Renaissance Realty unloads $34M multifamily portfolio

Brooklyn’s Renaissance Realty unloads $34M multifamily portfolio
Riverside Developers downsizes plans for Bed-Stuy rental project

Riverside Developers downsizes plans for Bed-Stuy rental project

Riverside Developers downsizes plans for Bed-Stuy rental project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...