By Holly Dutton
Downtown Brooklyn is getting another Target in 2016, and this one will be specially designed for urban dwellers.
Target recently announced that it is planning to open one of its newer “urban-concept” stores, CityTarget, in Downtown Brooklyn’s City Point, a 1.9 million s/f mixed-use development.
CEO Brian Cornell told Fortune magazine that the national chain will take 125,000 s/f of space, occupying the entire second floor of City Point’s 675,000 s/f retail center. Other tenants that have signed onto City Point include discount department store Century 21 and Texas-based theater/restaurant chain Alamo Drafthouse.
Developed jointly by Albee Development and Acadia Realty Trust and Washington Square Partners, the mixed-use project located at the nexus of two main thoroughfares in Brooklyn — Flatbush Avenue and Fulton Street — is the largest mixed-use development in the five boroughs. In addition to the 675,000 s/f of retail and entertainment, the project will also have three residential towers.
One tower will be a 250,000 s/f mixed-income rental building, the second will be a 380,000 s/f luxury rental building, and the third will be a 600,000 s/f tower with a commercial base. The City Point project will be directly across from another under-construction project, Willoughby Square Park, which will be a public space that will feature a 700-car underground parking garage.
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.
Last fall, developers of the project announced that A|X Armani Exchange signed on to the project to occupy a 6,500 s/f corner space at Fulton Street and Albee Square,while artist management and creative content agency Art Partner signed on to lease a 10,000 s/f at City Point, with a 15-year lease with occupancy commencing on January 1, 2014. The company also has offices in London and Paris.