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City Point Project Initiates Phase I

BROOKLYN, NY-The mixed-use project is receiving $20-million financing in terms of a Recovery Zone Facility bond.

By Ryan Clark | Updated on July 19, 2010

BROOKLYN, NY-City Point is finally underway, commencing construction on Phase I of the mixed-use facility in downtown Brooklyn. The site, which anticipates the addition of a small green space along with its office, retail and apartment components, will begin the four-story retail portion of the build.

The 50,000 square feet of retail at 1 Dekalb will be located on the Fulton Mall and designed by Cook + Fox and Greenberg Farrow. The project is receiving financing from the city in the form of a $20 million Recovery Zone Facility bond. The bond is being provided through the New York City Capital Resource Corp.

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