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Barclays, Shake Shack neighbor hits retail market.

The anticipated boom in retail space around the Barclays Center is well under way, according to Michael Pintchik, a landlord with a number of properties in the area.

"People who walk the neighborhood say there doesn't look like there's been that much change, but there will be a whirlwind of changes very soon," he said.

The landlord is about to begin marketing a 3,700 s/f foot retail space directly across from the arena for rent for $250 psf.

"It's a killer space--high ceilings, the whale bit," he said.

The space abuts 170 Flatbush Avenue where, after months of delays related to building permits, buildout work will soon be underway on the 21st location of Danny Meyer's Shake Shack, according to Pintchik.

Retail space is now vacant in four of the seven buildings the family owns on Flatbush Avenue between Dean and Bergen Streets, he said, and two of the buildings have been claimed by "a very successful and well-know restaurateur based in the city" who is not ready to have his or her name released.

Another restaurant operator, from Brooklyn, has checked out the other two buildings on the block.

Pintchik is also the landlord of the newly opened "Red Legged Devils," a tattoo studio operated by Chris Torres, star of the reality show "NY Ink."

"We're trying to keep it an eclectic neighborhood," Pintchik said.
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Comment:Barclays, Shake Shack neighbor hits retail market.
Author:Trefethen, Sarah
Publication:Real Estate Weekly
Date:Jan 15, 2014
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