Continuing the discussion from NEW YORK | Flatbush Ave Corridor (DoBro + BAM + AY):
BY: NIKOLAI FEDAK ON FEBRUARY 25TH 2014 AT 1:00 PM
City Point – phase II retail & residential
Work is progressing quickly at City Point in Downtown Brooklyn, which promises to bring the most dramatically positive change of any new project in the neighborhood. The second phase is well underway, and will deliver additional retail space, as well as two residential towers. The site’s architect is COOKFOX, and the developers are Acadia Realty Trust and Washington Square Partners.
Phase I of City Point has already activated one sliver of the site, with 50,000 square feet of retail; phase II will add another 650,000 square feet for shoppers, and while Downtown Brooklyn has long been a retail hub — with Fulton Mall at its center — the neighborhood lacks Class-A space, which is a void that City Point will fill.
While the most crucial component of the development is its retail presence, work on the residential towers is also progressing, with concrete and structural steel beginning to rise above the retail base. Phase II’s apartment buildings will stand 19 and 30 stories, with 690 units between them; the stacking plan has additional details.