Today’s news:

Faulty tower! Toren’s ground-floor supermarket falls through

The Brooklyn Paper

A hyped-up, high-end grocery store in one of Brooklyn’s best-heeled residential towers won’t be serving the community after all.

Downtown officials have long been touting the supermarket — which was supposed to occupy the spacious bottom floor of the swank, 240-unit Toren skyscraper on Flatbush Avenue Extension in the booming area between the Manhattan Bridge and DeKalb Avenue — but the lease has fallen through.

Toren developers blame the store’s would-be founder, Mark Goris, who said earlier this year that he was excited to set up shop on the highly trafficked strip.

“The lease was subject to certain conditions being met by the tenant within a fixed time frame,” said Donald Capoccia, founder of Toren’s development firm, BFC Partners. “Those conditions were not met.”

Now Capoccia’s back is against his own building’s beautifully Modernist wall — he’s hired a new brokerage team to sell the space, which has been on the market since Toren started leasing condos in 2008. The future of the site is yet unclear, but the new brokers said that they’ll take another whack at a grocery store.

Still, the squabble that ended the lease agreement is a substantial hurdle for BFC Partners, which rallied with Downtown officials in April and called it “the very first supermarket of its kind to open along the Flatbush Avenue corridor.”

Goris has not returned calls since The Real Deal reported the lease failure last week.

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Reader Feedback

Bob Scott says:
"Highly trafficked strip"? Not on the sidewalk! Lots of cars, tho — so, where's the parking?

A better bet would be to rent the space to multiple tenants, including restaurants, a small grocer, a personal service (salon etc) that would draw FOOT traffic.

Also, filling Toro's ground floor will be unproductive unless other buildings on the strip are willing to do the same.
Sept. 21, 2010, 11:57 am
Aspen from Colorado says:
Wasn't there once a strip club at this location? Its returm would certainly bring foot traffic. A comedy club would be nice. Brooklyn ain't the suburbs.
Sept. 21, 2010, 1:41 pm
Bob Scott says:
Aspen's right — it ain't the 'burbs. Which is why a giant supermarket's not the best use of such prime space.

Of course, NOTHING is worse than what Bruce Ratner (the Butcher of Flatbush Avenue Extension) did across the street from the site under discussion — Ratner's Metrotech monoliths allow for NO street commerce along Flatbush — none, zilch. (Why should Ratner bother negotiating leases with hard-nosed commercial tenants when government and government-backed entities are willing to pay top dollar for his less-than-competitive "deluxe" office space?)
Sept. 21, 2010, 5:02 pm
Sam from Ft. Greene says:
What a shock! A luxury tower next to housing projects can't even attract a supermarket, let alone any luxury tenants, but is quietly screaming for tax breaks! My heart just bleeds for 'em!
Sept. 22, 2010, 2:31 am
citizen from brooklyn says:
Poorly thought-out and callous title to this article.
Sept. 22, 2010, 7:54 am
come from behind says:
I hear tell the local negro enclave sing the praises of 24-hour steak-and-eggs eateries. Or perhaps another IHOP shoppe, in which to eat a cake of the pan.
Sept. 22, 2010, 1:48 pm
The from Ukraine says:
First Amendment, blah, blah, blah. Even allows Klansmen to spew. But give it up. Your days are over. (Of course it won't stop your own wet miscegenistic fantasies.)
Sept. 22, 2010, 2:24 pm
Stacey from Downtown says:
That's bs. We need a grocery store down here. Who cares about projects and luxury towers. Where the hell are you people buying your groceries?
Sept. 22, 2010, 6:38 pm

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