“With all the housing stock that we have now and the demographics in the communities that surround Downtown Brooklyn,” said Joseph Chan, president of the Downtown Brooklyn Partnership, an economic development group, “the fact that there’s not a Bed Bath & Beyond, a Pottery Barn, a Pier 1 in the downtown of a city of 2.5 million people is odd.”
"And so the mall’s transformation, predicted for years, seems about to finally begin. The old Albee Square Mall, an enclosed shopping center within this stretch of Fulton Street, closed this year to make way for City Point, a high-rise tower that will house people, businesses and, on the ground floor, major retail tenants along the lines of Target.
Albert Laboz, one of the street’s biggest property owners and chairman of the Fulton Mall Improvement Association, said that deals were in the works with several leading retailers. “I think you’re going to see a nice transition in the next few years,” he said." (NY Times)