Following Downtown Brooklyn’s gentrification with the recent arrival or soon-to-open Shake Shack, Gap, Panera Bread, H&M and T.J. Maxx along Fulton Mall, the latest retailer committing to the rapidly expanding shopping destination is Century 21 Department Store.
The Wall Street Journal reports that the high-end label discount retailer has signed a deal to open a 125,000 SF store in the City Point development: the first new department store in Downtown BK since the 1970s.
“By landing Century 21, developers said they would be able to break ground this summer on the bulk of the City Point development—675,000 square feet of retail and commercial space and 690 new market-rate and ‘affordable’ apartment units at Dekalb and Flatbush avenues,” WSJ says. Century 21’s store is scheduled to open when construction of the 1.3 million-square-foot City Point’s second phase is completed in fall 2015.
WSJ adds, “The transformation of Fulton Mall from a Downtown Brooklyn den of cheap cellphone outlet and fast-food joints into a more upscale shopping hub is set to take a significant step forward.” See the full story here.