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Jumbo sale in DUMBO: Massive lot could become huge retail space

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DUMBO’s next retailer could be huge.

The Silverstone Property Group snatched up a block-wide warehouse on Jay Street for $25 million last month, according to the real estate company Massey Knakal, which handled the sale.

The massive warehouse building between Water and Plymouth streets — which boasts roughly as much floor area as two-thirds of a football field — is perfect for a major commercial player, like a supermarket or something even bigger, said a Massey Knakal spokeswoman.

It’s unclear exactly what’s in store for the site — as the Silverstone Property Group declined to comment.

But Massey Knakal director of sales Stephen Palmese suggested huge scale retail that could represent a paradigm shift in the neighborhood.

“This site has the largest footprint in [the neighborhood], and possibly in all of the greater Downtown Brooklyn market, which makes it so unique,” said Palmese. “The ability to offer big box retail could really change the landscape.”

Currently used as a three-story manufacturing structure, the property has lenient mixed-use zoning that could also allow retail or residential use — and, with permission from the Landmarks Preservation Commission due to its location in DUMBO’s historic district, be expanded into a five- or six-story structure.

Last month, developers successfully petitioned the Landmarks Preservation Commission to put a rooftop addition atop the 1913 building designed by Frank H. Quinby, alter its masonry openings, replace its windows, and install a storefront infill and canopy.

If the lot becomes a supermarket, it wouldn’t be the first in the area. A short walk away, on the corner of Adams and Front street, is Foragers City Grocer; a few blocks past that is a Pea & Pickles.

Neighborhood boosters are eager to see retail at the brick warehouse, which stands as a block-long interruption to the increasingly commercial strip of Jay Street.

“Jay Street is really becoming DUMBO’s second Main Street,” Sica said. “We envision a vibrant retail corridor.”

Reach reporter Jaime Lutz at jlutz@cnglocal.com or by calling (718) 260-8310. Follow her on Twitter @jaime_lutz.

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Reasonable discourse

Melissa from vinegar hill says:
we are begging for a whole foods! and please, foragers and peas&pickes really don't count as supermarkets.
March 13, 2013, 10:46 am
Virginia Hill from York St says:
Shi*hole Foods? If you're going to beg, beg a little higher: have some dignity, woman!
March 13, 2013, 11:35 am
Joe from DUMBO says:
I like Whole Foods, but it is expensive. I would like to see a Fairway in there. Good selection at a better price.
March 13, 2013, 11:57 am
Tina from brooklyn says:
@ Joe, you choose to live in the most expensive neighbored in NYC and you are crying about Whole Foods prices. Shesh
March 14, 2013, 8:46 am
Emily from Vinegar Hill says:
How about a gym?! With a pool!!
March 14, 2013, 9:52 am
Gerry from Brooklyn Heights says:
@ Emily from Vinger Hill - you said it we need a great pool in downtown Brooklyn an aquatics center like Asphalt Green on the east side of Manhattan
March 14, 2013, 11:20 am
Pat I from Brooklyn says:
here's my list:

Sonic

Einstein's bagels

Dunkin' Donuts

Walgreen's

Target

Walmart

Best Buy

JCPenny
March 14, 2013, 8:25 pm
205 from dumbo says:
Or get those guys from Williamsburg Foodtown. I've been there a few times and their prices are lower than whole foods
March 14, 2013, 10:29 pm
Resident from Carroll Gardens says:
Please let this be an Apple store!
March 15, 2013, 4:17 am
dumboresident1 from DUMBO says:
Whole Foods on the ground floor, an aquatic Center below (like bowery whole foods/YMCA), and retail (with an apple store) above.
March 18, 2013, 12:48 pm
Alexis from Brooklyn says:
No apple store!! We need food, not retail in the neighborhood. Why doesn't it house a bunch of food vendors retail stores inside & a small (affordable) supermarket (sort of like a food court). Forager's is INCREDIBLY expensive, peas & pickles = eh selection. If there is only room for one thing, how about Fairway, West Side market, trader joe's (although there is one in carroll gardens), whole foods (yes pricey, but it's a great place to get lunch & dinner & will serve the neighborhood because there are no good food options!!!)?
March 18, 2013, 1:36 pm
Alexis from Brooklyn says:
I agree with dumboresident, as long as the floor with retail has more than just the apple store
March 18, 2013, 1:38 pm
notnewtodumbo from dumbo says:
Whole Foods/ Trader Joes would be ideal. The hipsters have left - why do we need to appease them with Foodtowns. That's not Dumbo's identity.

Wholefoods/TrdJoes and a real pharmacy (bridge apothecary - which closes at like 7 pm - doesn't count) and maybe a couple of restaurants would do wonders for property values in the neighborhood.

p.s. - so would an apple store bc who are we kidding
March 21, 2013, 4:43 pm

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