JV Begins Construction on Retail Space

BROOKLYN, NY-Locally based Rhodes NY and Vista Realty Partners have just begun construction on 14,000 sf of prime retail space at 3063 Cropsey Ave. in Brooklyn. Situated at the intersection of Crospey and Hart Place, the one-story building with 42 available parking spaces is ideal for up to four moderately-sized retailers, approximately 3,000 sf each.

It’s situated adjacent to a Linens N’ Things and New York City’s first 24 hour drive-thru location for Starbucks. Projected completion is June 2008 and asking rents are $50 per sf. Rhodes NY and Vista Realty, early movers in the neighborhood, developed the Linens N’ Things and Starbucks sites in 1999 and 2004, respectively. The property at 3063 Cropsey Ave. is their third collaboration in Brooklyn.

Approximately “38,000 cars drive by this Cropsey Avenue site daily automatically making this location, which was once overrun with auto repair shops, a new and highly sought after retail area,” explains Rhodes NY’s Sarah Glatt, noting that while proximity to the highway is a major factor in the location’s appeal, the neighborhood demographics can support the retail as well.