532-540 Fulton Street

Downtown Brooklyn, New Developments

Marvel Architects, 540 Fulton Street

Downtown Brooklyn and its Fulton Street Mall lost a bit of its soul late last year with the demolition of an ornate 1891 Romanesque-Reviaval gem at 540 Fulton Street. Prior to being cleared, the two-story structure held a jumble of small retailers that included a jewelry exchange, Metro King Sushi & Teriyaki and a Lucille Roberts. When the building was finished 125 years ago, it rose three floors with its first tenant being F.W Woolworth’s “five-and-dime store,” their first Downtown Brooklyn location.

Now with the slate wiped clean, what’s envisioned to rise from the 18,531-square-foot lot near the corner of Flatbush Avenue Extension is a 19-story, 200,000-square-foot office block developed by the real estate investment and management firm Jenel Management. A new building application was filed with the Department of Building’s last April, listing Marvel Architects as the applicant of record. The proposed building’s podium will contain three levels of retail space from the cellar to the second level, and 17 floors of office space above.

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