NEW YORK | Brooklyn Point (Citypoint Phase 3) | 721 FT | 57 FLOORS

[NYguy]

This was also mentioned in the CityPoint thread, but now that Gary Barnett of Extell Development is taking over phase 3, it could set the stage for a battle of tallest in Brooklyn between Gary Barnett (One57, Nordstrom) and Michael Stern of JDS (111 W. 57th). I don't expect that either will be a supertall, but it doesn't have to be to gain the title of Brooklyn.




http://commercialobserver.com/2014/0...ty-point-deal/

Gary Barnett’s Extell Enters Brooklyn With City Point Deal


BY LAUREN ELKIES SCHRAM
9/15/14

Gary Barnett‘s Extell Development Company is slated to develop residential units in what marks phase three of City Point, the mixed-use development in Downtown Brooklyn, Commercial Observer has learned.

The development deal, which is in the contract stage, represents Mr. Barnett’s first foray into Kings County. The prolific developer is undecided about whether the project will be a rental or a condominium, sources close to the deal said, but no affordable housing has been included in the plans.

When Commercial Observer interviewed Mr. Barnett for the Sept. 3 issue, he said he was moving into the Brooklyn market because “the market’s moved up there. It’s a diversification for us. And it was an opportunity of size. So it made sense.” He declined to identify the specific site then and today Mr. Barnett declined to comment.

City Point is a 1.9-million-square-foot residential, retail and office development rising in Downtown Brooklyn. Phase three is comprised of a residential tower that sits atop the retail and office podium. The residential component is due for completion by 2020, according to a spokeswoman for developer Washington Square Partners, and the retail and office components are set for completion in 2016. The first phase of a 50,000-square-foot retail building, One DeKalb, was completed in February 2012.

Acadia didn’t immediately respond to a request for comment and Washington Square Partners’ spokeswoman said she couldn’t get anyone on the phone to discuss the phase three deal.

http://www.bisnow.com/commercial-rea...klyns-tallest/

The Race to Be Brooklyn's Tallest


September 18, 2014

Three Downtown resi buildings are leapfrogging each other on the path to becoming the borough's tallest (the construction workers sing "Anything You Can Do I Can Do Better" all day). And this week brought news that Gary Barnett's Extell is under contract to build the most towering: City Point's Phase 3.

We walked the neighborhood with CPEX's Sean Kelly (whom we snapped mid-deal) and Tim King. Sean tells us a furlough in development during the downturn caused the developers all to come out of the ground at once.




Around the corner northwest from CPEX's HQ at 81 Willoughby, The Clarett Group and Equity Residential's Brooklyner became BK's tallest building when it opened in 2010. It owes that 531-foot feat to the air rights the owners bought from Albert Srour and his 81 Willoughby office property, the old Brooklyn Telephone Co, whose ornate historical facade we also snapped on our walk. Tim tells us Albert is renovating his property, one of the first elevator buildings in the borough.




And around the corner heading southwest from CPEX's office, Stahl's 388 Bridge stole the tall title when it opened in February. The condo/apartment combo bests the Brooklyner by two stories (climbing to 53) and 44 feet (reaching 575).




A block farther east at Duffield and Willoughby, AvalonBay's Avalon Willoughby Square is scheduled to open in spring 2016 at 57 stories and 595 feet. This one has girth, too; it'll pack in 823 units.




But City Point (bordering Willoughby, the Flatbush Extension, and Fulton) is destined for even greater heights. As the master developers, Acadia and Washington Square Partners delivered a 50k SF retail building on the north side of the site in 2012, and a five-story retail and office podium spanning the rest of the site is under construction (Century 21 and Alamo Drafthouse have signed on as anchors). Above it, BFC is building 19 stories of affordable units (peeking out on the right) and Brodsky is putting up 30 floors of market-rate (emerging on the left). We snapped the Willoughby/Flatbush corner, where Extell's is expected to rise to 700 feet, dwarfing all that came before.