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Crain's: BAM-area retail is hottest corridor (so what about Site 5?)


Crain's New York Business reported 2/16/17 Brooklyn's hottest intersection for retail:
Commercial brokerage firm CPEX Real Estate last month designated six Brooklyn corridors as the borough’s next retail hot spots. No. 1 on the list? The intersection of Lafayette Avenue and Fulton Street, which sits at the crossroads of the growing Brooklyn Cultural District and Fort Greene.
CPEX’s reasoning was simple: The nearby blocks are teeming with new development, including 3,800 residential units, 900 hotel rooms and highly anticipated retail locations such as Apple’s second Brooklyn store and the first city outpost of Whole Foods’ 365, a new chain of lower-priced stores. 
All are interwoven into the booming cultural district, anchored by the Brooklyn Academy of Music, that includes new public plazas and parks.
The interior retail space at One Hanson, the former Williamsburgh Savings Bank building, is facing alteration.

So, the question for the developers of Atlantic Yards/Pacific Park is whether that's going to help/boost or detract from the planned luxury retail at the not-yet-approved Site 5 project.

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