Extra!Extra!: The Burger King is Being De-Throned!

Looks like even his royal highness the Burger King isn't able to escape the pressures of a hot New York City real-estate market (and more likely, his arch-nemesis the dollar menu). We just received word from a well-placed source that the site of Central Brooklyn's only Burger King, at the corner of Marcy Avenue, MacDonough Place and Fulton Street, is now listed on the market for sale or for long-term ground lease by Peter Schubert at Massey Knakal.

And what a site it is for a creative and enterprising real-estate developer. Located right across the street from the front door of Restoration Plaza and its new Applebee's, and at roughly 15,000 buildable square feet under current zoning, we at Bed-Stuy Gateway are salivating at the quality retail and residential potential that could arise out of this site (and yes, Commerce Bank, we'll be specifically watching to make sure that one of your bank branches of the drive-through variety doesn't appear like it almost did on 5th Ave in the Slope were it not for Park Slope Neighbors).

In short, for all you prospective buyers/developers: what do we want here in the Bed-Stuy Gateway Business District? A building that re-establishes the street wall on Fulton Street, with flexible ground floor retail space. If you are somehow able to squeeze in some residential space, we'd like the upper residential floors to have some modicum of good taste, with design that builds upon and respects the rich brownstone architectural heritage here in Bed-Stuy. That's not too much to ask for, is it?

Oh yeah, the site is also listed at an asking price of $3,750,000.

UPDATE 3/4/06 8:50pm: We stand by our source, who tells us that the Burger King Property at Marcy/Fulton/MacDonough is definitely still on the market, despite what you may have read elsewhere.

 

1373 Fulton Street Setup PDF - Massey Knakal
1373 Fulton Street Aerial View - Microsoft Live

Comments

[cando]

please lord no matter what, not another halal roti hut.