News - 2008
The Real Deal
November 14, 2008
"A 16-story, 900,000-square-foot commercial building application was filed with the Department of Buildings this week as part of the City Point mixed-use development plan in Downtown Brooklyn."
C&W to lease Downtown Brooklyn's newest Class A tower
November 5, 2008
"Cushman & Wakefield has been appointed the exclusive leasing agent for the first new Class A office tower to be developed in Brooklyn in over a decade."
Brooklyn's first LEED Gold Commercial Office Building Set to Rise at City Point
October 22, 2008
Designed by architects Cook + Fox, a planned 17-story, 350,000-square-foot office building could become Brooklyn's first LEED Gold certified commerical office tower.
Cushman & Wakefield Named to Handle Office Leasing at Brooklyn's City Point
October 21, 2008
Commercial real estate firm Cushman & Wakefield has been named the exclusive leasing agent for the office component of City Point, the first new Class A office tower to be built in Brooklyn in more than a decade.
PA in gear for bus-depot rehab
October 16, 2008
"The Port Authority yesterday unveiled designs for its planned, $152 million overhaul of the aging George Washington Bridge bus station in Washington Heights, including a two-block section along Broadway."
Renovation Deal for Bus Station at Bridge
October 2, 2008
"The Port Authority of New York and New Jersey has worked out a deal for a $152 million renovation of the George Washington Bridge Bus Station that will increase fourfold the amount of retail space in the Upper Manhattan terminal. The authority said on Wednesday that it expected the deal to go ahead despite the economic turmoil on Wall Street and the downturn in the real estate market."
City Point: New Class "A" Office Tower in Downtown Brooklyn
October 1, 2008
"City Point...is the latest validation of the tremendous economic development success Brooklyn has experienced over the past few years."
Sears Spurs Strip's Revival
September 22, 2008
"There's lots of action these days in the central Bronx shopping corridor - and the catalyst is the redevelopment of the Sears building. Acadia Realty Trust and PA Associates are transforming it into a sleek, multistore retail property with a 14-story office tower alongside."
Big Steps for Downtown Brooklyn
July 1, 2008
"Downtown Brooklyn, the city's third-largest business district, is about to take one and possibly two big steps forward as it emerges as an alternative to pricey midtown and construction-clogged lower Manhattan."
A Former Landfill Comes of Age
July 1, 2008
"Large-scale warehouse space located as fas as 25 miles from U.S. ports are in high demand. At first glimpse, the 113-acre future site of 1Port 12, located right off New Jersey Turnpike Interchange 12 and within only 10 miles of Elizabeth Port Authority Marine Terminal, Newark Liberty International Airport and Port Newark may seem like an obvious choice for development."
City Point to Draw Upscale Tenants
June 30, 2008
"P/A Associates, the developer of Downtown Brooklyn's City Point, which will replace Albee Square on Fulton Street, says that an influx of affluent residents to the surrounding areas has increased demand for higher-end retail."
Popular Fulton Mall Plans Expansion
June 29, 2008
"Brooklyn's Fulton Street Mall is a retail powerhouse, drawing 100,000 shoppers a day and bringing in some of the highest rents in the City."
Bronx Building Boom Boosts Fordham Area
June 22, 2008
"The Fordham Place project will be the largest office building in the district, and local leaders hope that it will draw hundreds of workers."
Ikea Leads a Retail Renaissance
June 13, 2008
"Upscale shops are quickly expanding their presence in the once tertiary locations of downtown Brooklyn, taking advantage of the new, well-heeled Brooklyn residents and travelers. With the enormous destination shopping mecca of City Point and the redevelopment of the Fulton Mall in Brooklyn, the next wave of retail development will provide the critical mass that is sure to make downtown Brooklyn a retailing juggernaut."
The Bronx is Building! PA Associates Takes Over Old Sears Building
May 15, 2008
"PA Associates chose the 400 East Fordham Road site, better known as the old Sear's building, for their new development called Fordham Place because of its strategic location in the heart of the Bronx."
High hopes for tall Brooklyn project
February 18, 2008
It ranks as one of the most ambitious developments ever planned in Brooklyn, and surely the tallest – a retail, office and residential tower of up to 70 stories looming over downtown. No, it’s not "Miss Brooklyn" the flagship of the nearby Atlantic Yards complex. It’s City Point.
After eight decades, Brooklyn to finally get taller
January 16, 2008
"A venture of Acadia Realty Trust, MacFarlane Partners, Rose Associates, PA Associates and Washington Square Partners seems to be moving forward with the redevelopment of Albee Square into the City Point development, which plans to build a 65-story, Greenberg Farrow-designed mixed-use tower in Brooklyn, The Brooklyn Daily Eagle writes today."