News - 2009
Urban Retail
December 31, 2009
"With more than 70 years of real estate experience between them Paul Slayton and Aaron Malinsky founded PA Associates, LLC eight years ago to focus on urban retail development. The founders bring a broad scope of experience and knowledge to PA Associates, including multi-use retail and office, industrial and storage developments throughout the New York Metropolitan area. "
Big Brooklyn Project Gets Federal Stimulus Funds
September 15, 2009
"City Point, the long stalled development in downtown Brooklyn, is being revived by an injection of federal stimulus funding. The developers of the project near Fulton Mall will be able to use $20 million in tax-exempt bonds, the city's Economic Development Corp. said Tuesday."
Best Buy Manager Stirs Up Bronx
August 16, 2009
"With the help of all that community outreach, the University Heights store quickly became the nation chain's top grossing outlet."
Stimulus Aid Planned for Two City Projects
August 13, 2009
"The Bloomberg administration, moving to restart stalled development in the heart of downtown Brooklyn, has picked a big housing and retail complex to receive $20 million in tax-exempt bonds financed by the federal stimulus program. The complex, City Point, would bring hundreds of apartments and a large shopping center to the eastern end of Fulton Mall."
Fordham's Scenic Tower
May 12, 2009
"When you hear about Class A office space with views of the Empire State Building, you probably don't think it's in the Bronx. But that's what Fordham Place, a new anchorfor the Fordham Road shopping district, offers in its 14-story office tower at Fordham Road and Webster Ave."
BJ's to take 170,000 s/f at the Brooklyn property, currently under redevelopment by Acadia Realty Trust and PA Associates
April 28, 2009
"Acadia Realty Trust, a real estate investment trust, in conjunction with the company's long term partners, PA Associates, recently unveiled that it has entered into a lease agreement with BJ's Wholesale Club, In. to anchor its redevelopment klnown as Canarsie Plaza, in the Canarsie area."
First Class Office Tower, Fordham Place, Now Leasing
April 2, 2009
"Acadia Realty and PA Associates are working to fill their new office tower at Fordham Road and Webster Avenue. Fordham Place comes complete with many amenities that are usually seen only in Manhattan office buildings. The upper-floors of the 14-story building have panoramic views of the Bronx. The main lobby boasts 24-hour security and has marble decor. Office space includes nine-foot-high finished ceilings."
BJ's Taking over Home Depot in Brooklyn
March 16, 2009
"Another big-box is coming to Brooklyn. BJ's Wholesale Club Inc. recently signed a long-term lease with real estate investment trust Acadia Realty Trust, which partnered with PA Associates, to be the anchor tenant of Canarsie Plaza in Canarsie, Brooklyn."
BJ's Takes 170,000 SF in Brooklyn
March 13, 2009
"BJ's Wholesale Club has signed a lease to anchor Canarsie Plaza, a mixed-use redevelopment planned by a joint venture of Acadia Realty Trust and PA Associates at 8925 Avenue D in Brooklyn."
50,000 S/f School deal
January 28, 2009
"Jonas Bronck Academy, the prestigious, high-performing middle school formerly located on the Manhattan College campus in the Bronx, will relocate to Fordham Place, the Bronx's new mixed-use complex developed through a $120 million investment by Acadia Realty Trust and PA Associates."
GreenbuildingsNYC
January 27, 2009
"The project has already earned an unspecified level of precertification under USGBC's LEED for Core and Shell option; Acadia and PA are also seeking formal LEED certification..."
Bronx School Does the Math and Makes a Move
January 26, 2009
"After-school shopping is going to be a breeze for students who attend the Jonas Bronck Academy. This September, the middle school will move to Fordham Place, a mixed-use retail and office complex in the Bronx."