Community Corner
City Point's First Retail Tenant Announced
With construction of the first of two residential towers set to begin, Downtown Brooklyn's newest mega-development is starting to take shape.
Armani Exchange will be City Point's first retail tenant later this fall.
Announced by site developer Washington Square Partners on Monday, the luxury retailer is slated to open in the first phase of the City Point development at Albee Square near the intersection of Fulton Street and Dekalb Avenue.
"Armani Exchange adds yet another option to the ongoing retail diversification of Downtown Brooklyn, which means that if you live in the borough—or are just visiting—there’s no reason to shop anywhere else," said Borough President Marty Markowitz in a statement.
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In May, Century 21 announced with great fanfare its new City Point location, which is scheduled to open in 2015.
Dekalb Market, located at the site of City Point's planned 1.15 million-square-foot residential component, closed a few weeks ahead of schedule on Sept. 30. Construction on the condo tower is expected to begin later this year.
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