Closings commence at Brooklyn Point, the final phase of the transformative City Point development

By CityRealty Staff | From Future New York Wednesday, July 29, 2020

Rendering of Brooklyn Point, the final phase of City Point (Extell Development)

Two decades since being a twinkle in a developer's eye, City Point, a three-phase complex in Downtown Brooklyn has opened its final building for residential occupancy. Appropriately named Brooklyn Point, the 720-foot-tall skyscraper is not only the tallest in the city outside of Manhattan, but is capped by the hemisphere's highest outdoor pool. While its superlative titles are surely ephemeral --Michael Stern is building a taller tower a block away-- Brooklyn Point's appeal will be long-lasting as it brings one of the most comprehensive amenity packages and accessible locations on its side of the East River.

“Brooklyn Point’s success is a testament to the reputation of the Extell brand, as well as the building’s incredible amenities, breathtaking views, and amazing value coupled with a 25-year tax abatement.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

The 68-story condominium shares its full block with a destination shopping center that serves as a podium to the rental towers of 7 Dekalb and City Tower. The city-owned block was previously home to the dilapidated (and crime-ridden) Albee Square Mall/Gallery at Fulton Street which was demolished in 2008. The site was considered for an office tower to be used as a temporary home for the United Nations as they performed repairs to their Secretariat building along the East River.

Among the many visions for a tower at the mall site

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The old mall and parking garage at the site

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Rendering showing a final vision for City Point (COOKFOX)

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In 2007, Acadia Realty Trust and Washington Square Partners closed on a 99-year ground lease for the city-owned City Point site and in 2009 picked up $20 million worth of tax-exempt recovery zone facility bonds through a federal stimulus program. The team proceeded to draw up plans for a mixed-use development that had to be finished by 2020 according to terms negotiated in the lease.

The size of the 1.8 million square foot City Point plan was made possible by a Bloomberg administration-led 2004 rezoning of Downtown Brooklyn to facilitate 6.7 million square feet of new development. While the amount of office space produced from the rezoning has fallen well short of expectations, and most of the two dozen new towers that have risen could be considered vertical blight, the rezoning has brought in thousands of new residents, retailers, and a dash of public space to the once shabby area. In addition to a semi-pedestrianized Willoughby Street and a landscaped median along Flatbush, the city promises to fully build a long-planned park at Brooklyn Point's front door called Willoughby Square.

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In 2015 Gary Barnett's Extell Development paid $115.5 million for the rights to build Brooklyn Point on the block's northernmost, 21,500-square-foot patch of land. The One 57-builder commissioned the skyscraper know-it-alls of Kohn Pederson Fox (KPF), SLCE, and AD 100 designer Katherine Newman to make their first foray in King County a standout. While the finished exterior design is rather tepid, almost to the point of being forgettable, a canted roofline and staggered, bright-white vertical strips help make the tower more interesting than the standard glass box.

Residents may select between satin copper or brushed nickel Waterworks fixtures and a light or dark palette for the custom kitchen cabinetry

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Elevated above the ground floor retail which connects to the City Point mall hosting chains such as Target, Trader Joe’s, and the Alamo Drafthouse, are 483 studio to three-bedroom residences measuring 549 to 1,499 square feet in size. All apartments have floor-to-ceiling windows, white oak wood floors, a Miele integrated appliance package, and master baths with radiant floor heating, and mosaic walls. Many residences have dazzling views of the city and its estuaries. Remaining availabilities range from $906,780 for a studio to $3,330,570 for a three-bedroom. The project is among the last of its kind to pass on a 25-year tax abatement to owners.

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There are 40,000 square feet of indoor and outdoor amenities in the building. Aside from its sky-high outdoor pool bestowing residents (and their guests) astonishing views of the world's greatest skyline, the roof is home to a sun deck, outdoor dining area, outdoor movie screening area, and a stargazing observatory. Other amenities distributed below include a state-of-the-art fitness center, rock climbing wall, basketball court, a 65-foot saltwater pool, hot tub, infrared sauna, and men's and women's steam rooms. There is also a common lounge with a bar, co-working space, wine library, game room, indoor screening room, and children’s playroom. Building staff and services include concierge, a full-time doorman, package room, cold storage, dry cleaning and stroller valets, pet spa, and a bike room.

Western exposures have views to lower Manhattan and the harbor

“With the neighborhood continuing to reopen and the area’s energetic atmosphere returning to a new normal, residents will be thrilled to call Downtown Brooklyn home and enjoy everything it has to offer.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

Brooklyn Point and the Downtown Brooklyn skyline (Extell Development)

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“Brooklyn Point’s success is a testament to the reputation of the Extell brand, as well as the building’s incredible amenities, breathtaking views, and amazing value coupled with a 25-year tax abatement.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

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“With the neighborhood continuing to reopen and the area’s energetic atmosphere returning to a new normal, residents will be thrilled to call Downtown Brooklyn home and enjoy everything it has to offer.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

This is your member's center

“Brooklyn Point’s success is a testament to the reputation of the Extell brand, as well as the building’s incredible amenities, breathtaking views, and amazing value coupled with a 25-year tax abatement.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

In this article:

Select which properties are of interest to you:

“With the neighborhood continuing to reopen and the area’s energetic atmosphere returning to a new normal, residents will be thrilled to call Downtown Brooklyn home and enjoy everything it has to offer.” - Ari Alowan Goldstein, Senior Vice President of Development, Extell

Select which properties are of interest to you:

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