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]