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February 8, 2012
Brooklyn Beep presses for NYU expansion, Apple in borough
The Real Deal
by Candace Taylor
Other speakers at today’s roundtable included Bob Sanna, an executive vice president at Forest City Ratner Companies, and Brooklyn landowner Michael Pintchik, both of whom spoke about the under-construction Barclays Center.
...Meanwhile, retail rents along Flatbush Avenue across from the arena now exceed $100 per square foot, said Pintchik, who owns Pintchik Discount Hardware in Park Slope and a number of other buildings in the area.
In a sign of the intense interest in area retail, the Flatbush Avenue site of 96-year-old Triangle Sports hit the market last week. Ofer Cohen, the founder and president of real estate service firm TerraCRG, which has the listing, told The Real Deal after the event that his firm has already gotten around 150 inquiries about the building.
For his part, Pintchik said he has plans to develop two six-story, mixed-use buildings along Flatbush near the arena.
When it comes to tenants, he said his company is “not big on fast-food chains,” preferring to “keep the local flavor” instead, with retail tenants who are “artisanal,” “independent,” “quirky,” or “edgy.”
NoLandGrab: Unfortunately, too many landlords, unlike the forward-thinking and community-friendy Mr. Pintchik, care only about money.
Posted by eric at February 8, 2012 10:56 AM