Acadia Realty Trust and its partners on the City Point project, Washington Square Partners’ Aaron Malinsky and Paul Slayton, announced that A|X Armani Exchange will open this fall as the first tenant at the Downtown Brooklyn development.
The A|X Armani Exchange store will occupy a 6,500 s/f corner space at Fulton Street and Albee Square and is anticipated to open in November 2012.
Kenneth Bernstein, president and CEO of Acadia Realty Trust, said, “A|X Armani Exchange is a youthful and fashionable label with broad appeal that will make City Point an attractive shopping addition to the area.”
Harlan Bratcher, president of Armani Exchange said, “City Point is an ideal market for Armani Exchange and we are pleased to have found a location that meets our retail standards.”
Paul Travis of Washington Square added, “When completed, City Point will increase the critical mass of new residential, commercial and much needed retail development that will complement the growing communities in Downtown Brooklyn.”
The first phase of City Point, known as One DeKalb Avenue, is located on the Fulton Street Mall in Downtown Brooklyn and was designed by Cook+Fox Architects. It recently received an Award for Excellence in Design from the New York City Public Design Commission.
In May 2012, the group announced Century 21 Department Store would anchor the 1.3 million square foot mixed use development. That store is scheduled to open in 2015.