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New York & Tri-State  + Outer Boroughs  + Retail  |  July 8, 2026
Paul Bubny
By: Paul Bubny

Partnership Unveils Plans for Redevelopment of Former Brooklyn Macy’s Building

United American Land, together with partners The Jackson Group and Dreamscape Retail & Entertainment, has unveiled plans for BKX, a redevelopment of the former Macy’s building at 422 Fulton St. into one of New York City’s largest and most ambitious retail developments.

Spanning approximately 440,000 square feet across five levels, BKX will represent the largest contiguous block of retail space currently available in New York City. It has been designed for flagship retail, immersive entertainment, hospitality and experiential concepts, the development team said.

“When we acquired this property, we saw an opportunity to reimagine one of New York’s most iconic sites for the next generation,” said Albert Laboz, principal of United American Land. “Rather than pursuing a traditional retail redevelopment, we’re creating a destination that reflects how people want to spend time today – bringing together entertainment, dining, retail and community under one roof.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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