City Point

A NYCRC-managed entity provided a $200 million loan to help fund the construction of an approximately 650,000 square foot retail complex known as City Point in Downtown Brooklyn.

The capital was loaned to an affiliate of Acadia Realty Trust, the real estate company designated by the New York City Economic Development Corporation to oversee the development. The retail complex is located on the largest government-owned site in Downtown Brooklyn and consists of five levels above ground and two levels below ground.  Tenants include Target, Trader Joe’s, Primark, Lululemon, Sephora, and Alamo Drafthouse. The City Point complex is adjacent to New York City’s second busiest transportation hub.

“The City Point development is an integral part of the City’s vision to enhance Downtown Brooklyn’s vibrant commercial, retail, and residential mix. It sits on City-owned property at a highly visible location … and serves as a gateway to the downtown area.”

– New York City Economic Development Corporation

$200M

Loan Amount

Brooklyn

Borough

NYCRC Retail Sector Icon NYCRC Retail Sector Icon

Retail

$200M

Loan Amount

Brooklyn

Borough

NYCRC Retail Sector Icon NYCRC Retail Sector Icon

Retail

Exterior shot of the City Point retail complex in downtown Brooklyn Link
Exterior of the City Point retail complex at night Link
Cars driving past the entrance to the 650,000 square foot City Point mall Link
Walkway and Lululemon shop inside City Point Link
Entrance to the food court in the City Point mall showing signs for Trader Joe's and Katz's. Link
Customers walking past the Lululemon shop and other stores inside City Point Link
Seating in City Point's lower level food court Link
Construction of the City Point retail complex Link
Cars driving past the Target sign at the City Point retail complex in Downtown Brooklyn Link
Sideview of the entrance to City Point Link
Escalators taking people to the second floor of the City Point mall Link
Interior shot showing shops at City Point retail complex Link
Entrance to Target in the City Point retail mall Link
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