Retail

We financed the construction of 973,000 square feet of retail space in Brooklyn, Manhattan, and the Bronx.

The retail sector is crucial to New York City’s economy -- driving jobs, generating tax revenue, and defining the city’s vibrant street life and unique character. Since 2010, we’ve financed the construction of new retail space, much of it on government-owned land.

In Brooklyn, we provided a $200 million loan to help fund the construction of a 650,000 square foot retail complex known as City Point in Downtown Brooklyn. City Point tenants include Target, Trader Joe’s, Primark, and Lululemon.

We also helped bring new retail options to the Brooklyn Navy Yard such as Wegmans, Wells Fargo, CityMD, and Russ & Daughters.

Our work in Manhattan included financing the transformation of the George Washington Bridge Bus Station into a new retail hub in Washington Heights. The redevelopment increased four-fold the retail space within the bus station and includes tenants such as Marshall’s, Gap Factory, and Citibank.

In the Bronx, we financed the expansion of the Hutchinson Metro Center which brought new retail tenants such as Chipotle, Dunkin’, and LA Fitness to the successful suburban-style campus directly off the Hutchinson River Parkway.