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July 18, 2012
Daffy’s Failure Means a Vacancy at Atlantic Terminal Mall
Brownstoner
The news that discount retailer Daffy’s is closing its doors after more than five decades may not bring a tear to many readers’ eyes but it does mean something for the Downtown Brooklyn real estate market: One of the the Secaucus, N.J.-based chain’s 19 locations is at the Atlantic Terminal Mall. While that might seem like bad news for landlord Forest City Ratner at first blush, given rising rental rates for retail in recent months in the area around Barclays Center, it might actually be a boon to the developer. After all, it’s 20,000 square feet right across the street from the arena.
NoLandGrab: Given the mall's persistent crime problem and Bruce Ratner's propensity for attracting public entities as tenants, may they can put a police precinct in the Daffy's space, or better yet, a Department of Corrections facility.
Posted by eric at July 18, 2012 10:26 AM