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August 17, 2010

The changing face of retail on Flatbush, poised for more change, especially closest to the arena block

Atlantic Yards Report

Norman Oder takes an in-depth look at changes along Flatbush Avenue. If Madison Square Garden is a guide, can Sbarro's and McDonald's be far off?

Flatbush Avenue south of Dean Street has been changing for a while and the anticipated Atlantic Yards arena is likely a significant factor regarding the future of the adjacent block, as well as some factor--though not necessarily the most significant one--further down the road.

Near Seventh Avenue

A few long blocks from the arena site, at Park Place just below the intersection of Flatbush and Seventh avenues, Park Heights Stationers has closed after 25 years, "due to the rising cost of operation," which sure sounds like a rent increase.

As the handwritten comments indicate, the store was appreciated, but as comments on Brownstoner suggest, some thought it too slow to change with the times. (Photos by Norman Oder)

Will it become another chain drug store, just as the Dominican lunch counter across Seventh Avenue became a Duane Reade? Possibly, but it more likely could become an eating and drinking establishment that takes advantage both of the subway access (it's right outside the subway stop for the Q and B trains), and the relative arena proximity.

My information is thirdhand, but a source who spoke to a former employee told me that that employee believed that the landlord sought more rent from an arena-related business.

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Posted by eric at August 17, 2010 12:06 PM