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BROOKLYN, NY-Construction is set to begin on Triangle Equities' 300,000-sf Triangle at the Junction here. The retail center, which carries an $80-milllion price tag, will be anchored by an approximately 220,000-sf Target. It will be the third Target in the borough.

A Triangle official says the rest of the tenant mix, which will be rented out by the firm, will complement Target. The firm has just started a marketing effort targeting soft goods, sit-down restaurants, electronics and book stores, among others. Triangle anticipates that the center will open in the fall of 2007 and create more than 1,200 construction and permanent jobs. The retail industry employs about 300,000 New York City residents, generating more than $55 billion in business activity a year.

Plans call for extending the site by decking over an adjacent right-of-way owned by the Long Island Railroad. The junction serves as a transit hub where numerous bus and subway lines meet, and is near Brooklyn College.