News: Shopping Centers

Flexer and Napack of Cushman & Wakefield secure 3,500 s/f lease for The Brooklyn Firefly in Bay Ridge

Brooklyn, NY Cushman & Wakefield’s Mitzi Flexer, director, and Alan Napack, senior director, represented both ownership, Workable City Development, and tenant, the Brooklyn Firefly, in a 3,500 s/f lease for indoor and outdoor restaurant space at 7003 Third Ave. in Bay Ridge.

The Brooklyn Firefly, backed by artist and Bay Ridge native, Michael “Kaves” McLeer and restaurateur, Ray Medina, will occupy 2,000 s/f of indoor space and 1,500 s/f of outdoor space in what was formerly the home of well-known eateries, Yellow Hook Grille and Lento’s. The operators—both Bay Ridge locals—will offer patrons an authentic Brooklyn experience in a casual setting featuring live music and a place for local artists to display artwork. The menu will consist of pizza and  beers from area brewers, in addition to a wide range of wines and liquors.

“The location presented the principals with an ideal opportunity to bring an authentic Brooklyn concept back to Bay Ridge, a neighborhood both Kaves and Ray know very well due to their deep roots in the area. The space is located on a high visibility corner and is perfectly suited for a restaurant,” said Napack. 

“The Bay Ridge retail market is in the midst of a resurgence and we’re seeing a robust amount of interest, especially when you consider the neighborhood’s value compared to Park Slope and Williamsburg,” said Flexer.

“My partner and I wanted to draw from the heritage and the legacy of this location to create a place in our neighborhood where people can cultivate their love of music, art, and pizza. It’s the culmination of years of us living, working, and evolving in this neighborhood. Now we’re giving back to it. It’s going to be a labor of love, operated by ourselves and our families. We’re so proud to begin this and give this place to Bay Ridge,” said McLeer.

MORE FROM Shopping Centers

2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

READ ON THE GO
DIGITAL EDITIONS
Subscribe