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.
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.
