We’ve gotten a number of emails in recent weeks from readers wondering what was going on at City Point, the massive mixed-use development planned on the site of the former Albee Square Mall in Downtown Brooklyn. Demolition concluded a couple of months ago, and inactivity breeds suspicion in this market. We had heard through the grapevine that the changing market conditions had led Acadia Realty Trust, the project’s developer, to go back to the drawing board to reconsider the mix of residential, office and retail. But fear not: On Friday, they filed a New Building application with DOB. It’s unclear to us whether they are filing the project in stages, but this building is a lot shorter than previously planned. The original plan called for 500,000 square feet of retail, 250,000 square feet of office and over a million square feet of hotel and residential space. The new app calls for a 16-story, 268-foot-tall building with almost 900,000 square feet of space; it appears from the application that this is all commercial space. A call to the developer for clarification was not returned. Update: A follow-up story in the Brooklyn Eagle says that they are filing the project in stages.
Slowly But Surely at Albee Square [Brownstoner] GMAP DOB
Development Watch: Whole Hog at Albee Square [Brownstoner]
Development Watch: Albee Square Mall Gets Gutted [Brownstoner]
Development Watch: RIP, Albee Square Mall (Garage) [Brownstoner]
More Details on Albee Square aka City Point [Brownstoner]