- And the developers said, “Let there be a Whole Foods,” and there was an architectural rendering of a Whole Foods.
According to the New York Post, it is. The paper reports that 242 Bedford Avenue at North Fourth Street is about to be “rejuvenated” by a Whole Foods and a New York Sports Club at ground level, with luxury apartments, whipped cream and a pesticide-free cherry on top. The news comes only two weeks after the New York City Board of Standards and Appeals approved a zoning variance for the construction of Brooklyn’s first Whole Foods on the Gowanus Canal, across the street from the Old American Can Factory.
The Post reports that the deal went down this past Monday, for a whopping $23 million…in cash.
Jared Epstein, vice president of Aurora, confirmed the parties closed the all-cash transaction on Monday. While acknowledging that several national tenants are interested, he would not confirm any retail deals. Epstein did say a third of their $40 million, 150,000-square-foot development will have luxury rental apartments.
Other sources say the Whole Foods will have a 9,000-square-foot entrance on the ground floor with the remaining 30,000 square feet underground. Retail asking rents are $150 a square foot on the ground, with much less for the upstairs and downstairs portions. [NYPost]
Look out, Duane Reade. Looks like that crazy, walk-in beer refrigerator will no longer be the fanciest thing on the block.
You can follow Sydney Brownstone on Twitter @sydbrownstone