Retail comes to Brooklyn’s Fourth Ave.

Retail development may finally catch up to the steady residential development that has taken place along Brooklyn’s Fourth Avenue. When the run-down area, also known as “Brooklyn Boulevard,” first started getting new residential developments after it was upzoned in 2003, most buildings lacked in ground-floor retail. However, as the residential buildings bring in tenants, the demand for boutiques, bars, gyms and restaurants has increased, and the newest developments are including basement gyms or restaurants or stores. Developer Domenick Tonacchio’s 10-story building will feature ground-floor retail and a gym, and Shloimy Reickhman’s 12-story building will have 100 feet of retail frontage.