United American Land, Dreamscape Retail & Entertainment and the Jackson Group are redeveloping the five-story building for large-format retailers, restaurants, entertainment operators, hospitality, wellness businesses and cultural uses.

Leasing has begun at BKX, which will include floor plates of roughly 60,000 to 70,000 square feet and a central atrium designed as the property’s main gathering space.

How Has Downtown Brooklyn Changed?

Downtown Brooklyn has undergone a major demographic shift alongside its residential growth.

The population of the broader Downtown Brooklyn-Fort Greene area grew from about 52,860 in 2000 to 79,470 in 2020.

The proportion of White and Asian residents increased during that period, while the proportion of Black residents declined, according to the City Planning Department.