Retail

1031 Broadway

Five-Story, Six-Unit Mixed-Use Building Filed At 1031 Broadway, Bushwick

Long Island-based Hersel Sakhaee has filed applications for a five-story, six-unit mixed-use building at 1031 Broadway, in northern Bushwick, located three blocks down from the Myrtle Avenue stop on the J/M/Z trains. The project will measure 6,750 square feet in total and includes a 1,687 square-foot ground-floor retail portion. The residential units will begin on the second floor and average 844 square feet apiece. Hudson Valley-based Kenneth Thomas is the applicant of record.


322 Gates Avenue

Six-Story, 28-Unit Mixed-Use Building Planned At 322 Gates Avenue, Bedford-Stuyvesant

Just before New Year’s, Foster Equities filed applications for a six-story, 28-unit residential building at 322 Gates Avenue, in Bedford-Stuyvesant, located six blocks south of the Bedford – Nostrand Avs. stop on the G train. According to DNAinfo, the building will measure 22,272 square feet in total and will include a 991 square-foot retail portion on the ground floor. The residential units, which will be rentals, will begin on the second floor and average 760 square feet apiece. Z Architecture is designing the project. The single-story Bedford Beer & Soda Dist. building, acquired for $4.5 million last March, was approved for demolition in the fall.




Times Square Toys “R” Us, Once World’s Largest Toy Store, To Close December 30

2015 will go down in New York’s storied retail history as the year when the city lost two of its flagship toy stores. At 6:00 p.m. on December 30, Toys “R” Us will shut down its Times Square store at West 44th Street and Broadway. The retail giant decided not to renew the lease due to ever-rising rents in the pedestrian-heavy neighborhood. Earlier in July, the company closed the famous FAO Schwarz store on at 767 Fifth Avenue, which had served the city since 1986.

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