Jackson Group planning pair of retail projects in South Brooklyn

Firm has purchased sites at 2251 Nostrand Avenue and 2927 Avenue U

TRD NEW YORK /
Apr.April 04, 2019 02:30 PM
2927 Avenue U in Sheepshead Bay (left) and 2251 Nostrand Avenue in Midwood (right)  with Jackson Group's Elliott Chehebar

2927 Avenue U in Sheepshead Bay (left) and 2251 Nostrand Avenue in Midwood (right)  with Jackson Group’s Elliott Chehebar

South Brooklyn is going to get a pair of new retail buildings.

Elliott and Ike Chehebar’s Jackson Group has purchased a pair of sites at 2251 Nostrand Avenue in Midwood and 2927 Avenue U in Sheepshead Bay, and they are planning to build retail projects on both sites, according to the firm.

They bought the Nostrand Avenue site by Brooklyn College and Target for $19 million from Alex Adjmi’s A&H Acquisitions and bought the Avenue U site from Harvey Heino’s Heino Realty for about $8.4 million, according to property records.

The Jackson Group plans to build a 50,000-square-foot retail development on Nostrand Avenue and a 40,000-square-foot retail development on Avenue U, which they purchased together with A&H Acquisitions.

“The demand for South Brooklyn has been very strong,” Elliott Chehebar said, “and we anticipate a very swift lease up and value add to both of these special block front sites.”

Construction should start on the developments in a few months, Chehebar said.

Adjmi declined to comment on the projects.

His A&H Acquisitions and its partners Meral Property Group and Joyland Group previously filed plans for a mixed-use project at the Nostrand Avenue site with 38 residential units across 62,000 square feet. However, Jackson Group’s plan has since supplanted that.


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