GFI Development Company is offering corner and street-front retail space at 470 Vanderbilt Avenue in Brooklyn.
The ten-story, 660,000 s/f mixed-use property is four blocks from Atlantic Center and Atlantic Terminal Mall, a major destination shopping thoroughfare for Brooklyn.
Neighboring stores include Target, Victoria’s Secret, DSW, Men’s Warehouse, Marshall’s, Circuit City, Burlington Coat Factory, Old Navy, Buffalo Wild Wings, McDonald’s and Starbucks.
The building, located at the crossroads of Fort Greene, Prospect Heights and Clinton Hill, is also walking distance from the Atlantic Yards development. 470 Vanderbilt Avenue is steps from the 20,000 seat Barclays Center, home to the NBA’s Brooklyn Nets, and minutes away from the Brooklyn Academy of Music, Pratt Institute and the Brooklyn Campus of Long Island University.
“Retailers can capitalize on the heavy foot and vehicle traffic near 470 Vanderbilt,” said Louis Moskowitz of GFI Realty Services, Inc.
“The building alone will house over 3,000 employees. Add to that the more than 5,000 unique daily visitors, the 150,000 local residents and the fans attending Barclays Center events, that’s a slam dunk for any retailer.”
The building offers up to 21,500 s/f of ground-level retail space. That includes the over 7,100 s/f corner of Atlantic and Vanderbilt Avenues with 65 feet of frontage on both streets. The space offers dramatic 15-foot ceiling heights and wide 20-foot column spacing.
The upper nine floors are dedicated to office tenants and are 91 percent leased. Current and signed office tenants include The League Education and Treatment Cente and The Human Resources Administration of New York.
Occupying the length of an entire city block, 470 Vanderbilt is a poster project for successful adaptive re-use of an industrial property. It started out as a tire factory and later housed a trade school and then a telecom hotel.
“470 Vanderbilt Avenue is in many ways reflective of its evolving neighborhood,” said Daniel Blumberg of GFI Realty Services. “It has come from humble beginnings and is now a hallmark of Brooklyn’s revitalization.”
