Brooklyn Heights, Downtown Brooklyn

Furniture Retailer Raymour & Flanigan Joins Fulton Mall Revolution

August 29, 2012

One after another… The big boom continues in Downtown Brooklyn, with yet another national retailer signing on to set up digs on Fulton Mall’s 17-block stretch from Boerum Place to Flatbush Avenue. Furniture chain Raymour & Flanigan will occupy a robust 28,000 square feet on the second floor at 490 Fulton Street.

As BHB readers well know, Raymour & Flanigan joins upcoming Century 21, H&M, T.J. Maxx, which are now under construction in the neighborhood; alongside the recently opened Gap Factory Outlet, Áeropostale, Starbucks, Brooklyn Industries, Seattle’s Best and Express. And around the corner on Adams Street, Potbelly just joined the burgeoning “Restaurant Row,” which will soon encompass Panera Bread, Chipotle, Sugar and Plumm, and American BBQ and Beer.

Scott Milnamow, a senior VP of real estate development at Raymour & Flanigan, told the New York Times that this will be the largest furniture store in Downtown Brooklyn. “We looked at a number of different neighborhoods, but felt like other national retailers are going to Fulton Street, and we wanted to be a part of that tenant mix.” The store is scheduled to open in February.

The Times says that Armani Exchange, Victoria’s Secret and Nordstrom Rack have also been sniffing around Downtown Brooklyn. “I’ve been doing deals on this street for 20 years, and only recently are we starting to see a real shift toward national retailers,” noted Barry Fishbach, an EVP at RKF.

The Times offers an overall look at Downtown Brooklyn’s rejuvenation, in an article titled “National Retailers Discover a Brooklyn Mall” here. While NYT is coming late to the party in discovering what BHB readers have been reading for months regarding Fulton Mall’s rejuvenation, the story does offer interesting details about the anatomy of retailer deals.

(Photo: Chuck Taylor)

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Source: Brooklyn Heights Blog

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