MYRTLE AVENUE DEVELOPMENT UNDERWAY

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NEW YORK CITY — Red Apple Myrtle Avenue Development is currently constructing 162-184 Myrtle Ave., a 240,000-square-foot mixed-use development located between Flatbush Avenue and Ashland Place in Brooklyn, New York City. Built over three city blocks, the project will feature a low-rise, mid-rise and high-rise buildings. The retail component will encompass three levels, which will feature 61,000 square feet on the ground floor, 79,000 square feet on the lower level and 89,500 square feet on the second level. The building will be anchored by a 10,000-square-foot Duane Reade. The Myrtle Avenue development will also contain 500 residential units. The facility is scheduled for completion in January 2009. Winick Realty Group is handling the leasing for the retail component.

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