City Point: Half Now, Half Later
At the end of the day yesterday, The Observer broke the news that City Point, the massive mixed-use development forecast to exceed 1,500,000 square feet, was being split into two phases. According to the article, the developers (a joint venture between Acadia Realty Trust, MacFarlane Partners, Rose Associates, P/A Associates and Washington Square Partners) plan…
At the end of the day yesterday, The Observer broke the news that City Point, the massive mixed-use development forecast to exceed 1,500,000 square feet, was being split into two phases. According to the article, the developers (a joint venture between Acadia Realty Trust, MacFarlane Partners, Rose Associates, P/A Associates and Washington Square Partners) plan to build at the southern end of the property, close to the Fulton Mall, first; “It will likely include affordable housing and some retail of the big-box variety to accommodate a tenant like Best Buy,” says The Observer. The northern end, closer to MetroTech, would be put on ice until a later date.
Mammoth Downtown Brooklyn Spread Split in Phases [NYO]
Over the Fence at City Point née Albee Square [Brownstoner]
New Building Plan Filed for City Point [Brownstoner]
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]
not bad news. not new news either.
Sorry I meant Flatbush Avenue
sounded to me like the Fulton St side/which was the ALbee Sq mall is the 1st phase that will be built.
indefinite delays of an undetermined timetable for the second phase of this project in the most significant commercial area in brooklyn.
the displacement of albee square mall businesses was wrong.
I would say that a gaping hole on Fulton St for the foreseeable future is bad news
I don’t know that this is “bad” news. Bad news would be if they scrapped the whole project, leaving a square block sized hole in the ground in the process. The question is what happens to the “later” portion of the footprint? Do they make it an extension of Willoughby Square Park?
The “bad” news just keeps pouring in.
***Bid half off peak comps***
The construction in front of the bank is public improvement, as is the whole Fulton Mall streetscape, and not part of the Citypoint site.
So now that they’ve slowed down, think they’ll back off on their plan to turn the little triangle between DeKalb and Fulton St. in front of the form Dime Savings Bank building into their private front yard? This construction and detour are wreaking havoc on transportation in the Fulton Mall area.