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Final City Point building will rise 57 stories • Brooklyn Paper

Final City Point building will rise 57 stories

FIRST LOOK: This rendering shows the gigantic residential tower, center, plus a shorter skyscraper that developers are planning for the site of the demolished Albee Square Mall on Flatbush Avenue Extension between Dekalb Avenue and Willoughby Street Downtown.
Photo by Moses Jefferson

Now they’re really getting to the point!

A 57-story tower will be the final component of Downtown’s City Point mega-complex, according to plans the developer filed with the city earlier this month.

Luxury real-estate firm Extell purchased the site at Willoughby Street between Albee Square West and Flatbush Avenue Extension for $115.5 million earlier this year. The builder — infamous for inspiring a backlash against “poor doors” after creating a separate entrance for below-market-rate housing in one of its Manhattan properties — will fill the behemoth high-rise with retail space and some 500 residential units, according to a New York Times report.

Construction is slated to begin in 2017 and wrap up by 2020 — at which point the 692-foot building may be the tallest in the borough, unless a rival builder can finish the 1,000-foot “super tower” it is building on the neighboring block first.

The swanky skyscraper will be the third of three residential towers planned for the mammoth under-construction City Point project on Fulton Mall, which will also include stores and offices.

Here is the latest on what else you can expect and when you can expect it:

7 DeKalb Avenue

The 19 story-building — the shortest of the three towers — is expected to open in winter 2016, and will include 200 below-market-rate units alongside 50 market-rate rentals.

A whopping 88,500 people applied to nab one of the so-called “affordable” units, according to a spokeswoman for developers Acadia and Washington Square Partners. Those apartments will go to households earning between $18,515 and $142,395 annually, depending on the size of the unit and number of people living there, with rents ranging between $500 and $2,455 a month.

Going up: City Point Tower One, left, and City Tower, right.
Photo by Louise Wateridge

The building will include a gym, kids’ playroom, and lounge — but residents will have to pay extra to use them.

City Tower

This 48-story high-rise is still under construction, but residents will begin moving in next month, according to a spokeswoman for developer the Brodsky Organization.

The tower will include 440 market-rate units over 24 floors. Pads on the market right now are priced between $2,350 for a studio and $4,550 for two-bedroom units.

For their moolah, residents will get to luxuriate on two roof-top decks and play on a sky-high indoor basketball court.

Retail

The mammoth six-level City Point mall at the base of the building is scheduled to begin opening piece-by-piece next year.

Discount fashion department store Century 21 is slated to open its four-story shop in April, according to a Commercial Observer report. Indie cinema chain Alamo Drafthouse will begin screening cult classics and mainstream releases across its seven screens around June, followed by a Target outlet and Trader Joe’s in July, per the report.

The property’s much-hyped sprawling subterranean food hall — which will house dozens of vendors, including the first ever outpost of the Katz’s Delicatessen — should open by September, alongside smaller ground-floor retail stores in corridors running between Fulton and Gold streets and Flatbush Avenue, according to the Observer.

Reach reporter Lauren Gill at lgill@cnglocal.com or by calling (718) 260–2511.
Mall of America's Downtown: The retail part of the super-structure will include a Target, Century 21, and an Alamo Drafthouse cinema.
Gensler and Pentagram

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