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Developers Unveil Plans for Downtown Brooklyn BKX Complex

The former Macy's building at 422 Fulton Street will be transformed into a 440,000-square-foot destination for retail and dining.

Updated on Oct. 15, 2026 in Commercial

Bold flat-color editorial illustration of an architectural atrium with intersecting staircases, representing a new urban retail and entertainment complex.
Developers are redeveloping the former Macy's site at 422 Fulton Street in Downtown Brooklyn into the 440,000-square-foot BKX entertainment complex. AI Illustration. Upload story photo >

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Developers are converting the historic former Macy's site into the BKX entertainment complex. The multi-level project aims to revitalize commercial activity in Downtown Brooklyn.

Why it matters

The project seeks to establish a major hub for experiential retail, dining, and family entertainment to stimulate further commercial investment along Fulton Street.

The BKX complex will span 440,000 square feet across five levels, with individual floor plates measuring between 60,000 and 70,000 square feet. The property was acquired by developers for approximately $23 million.

The players

United American Land

This real estate firm is part of the partnership group responsible for the ownership and redevelopment of the 422 Fulton Street property.

Crown Acquisitions

This company is a partner in the ownership consortium currently converting the former Macy's building into the new BKX entertainment complex.

Jackson Group

This organization is one of the three developers involved in the acquisition and planned transformation of the historic Downtown Brooklyn site.

The details

The design features a central atrium and interconnected public spaces linked by intersecting escalators to create a unique visual environment. Construction is currently nearing completion on the site, which originally opened for retail in 1885.

Timeline

  1. Retail operations at the location began in 1885.

  2. The building assumed the Macy's name in 1995.

  3. Developers acquired the retail property in December 2024.

  4. The vision for the BKX transformation was unveiled in October 2026.

  5. Space is expected to be available for tenants by October 2027.

Culture Shift

The BKX project reflects a broader move to repurpose legacy department store footprints into experiential hubs to meet changing consumer demands. This transformation signals a departure from traditional retail models in favor of destination-driven entertainment and dining.

Local residents and visitors can expect a new entertainment destination to arrive in the heart of Downtown Brooklyn by late 2027. The project aims to provide a centralized hub for family activities and shopping that will alter the current retail landscape of Fulton Street.

The takeaway

This development highlights how historic urban buildings are being reconfigured to serve as multi-purpose entertainment centers. Readers interested in urban trends should watch for similar adaptive reuse projects that aim to revive traditional shopping districts.

Further reading

For more background on property development, visit the New York City Commercial section.

Source note: This article includes information reported by The Jewish Voice.

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Do large-scale entertainment developments help revitalize local shopping districts in your community?