The unveiling of the “new” Bossert Hotel, purchased from the Watchtower by developer David Bistricer in 2012, is still a year away. However that’s not stopping brokers, merchants and business leaders around Montague Street from being very bullish about the building’s evolution.
Brooklyn Eagle: Montague merchants however genteel or humble are hoping the Bossert brings cash into their coffers.
“We stay open until midnight, and night-time business is slow,” said Kheled Al Sahybi, co-owner of Heights Deli & Convenience at 89 Montague. “If I make $200 a day from hotel guests, that will really help.”
Montague Street boasts an eclectic mix of merchants, including those who own the buildings their shops are located in, like upscale clothier Tango at 145 Montague and gourmet food purveyor Lassen & Hennigs at 114 Montague. National tenants including makeup seller MAC and Banana Republic share the street with eateries from a Chipotle fast-food chain to long-time local Armando’s.
Once the Bossert’s clientele start spending money in the Heights, would-be newcomer tenants will vie for spaces on the street – and drive up rents “extremely quickly” by 25% or maybe more, said Bill Ross, director of development marketing at Brown Harris Stevens/Halstead.