Thursday, September 17, 2015

Trader Joe's Signs Lease at City Point in Downtown Brooklyn

Trader Joe's is coming to Downtown Brooklyn, just about a mile from its popular location at Atlantic Avenue and Court Street in Cobble Hill.

Acadia Realty Trust and Washington Square Partners announced on Wednesday that Trader Joe’s has signed a lease at City Point, located at Fulton Street and Flatbush Avenue.

Slated to open its doors to the public in 2016, Trader Joe’s will be located on City Point’s concourse level, according to Real Estate Weekly.

It will be adjacent to DeKalb Market Hall, a 26,000-square-foot food hall offering between 35 to 55 food purveyors.

Trader Joe’s, DeKalb Market Hall and the anticipated restaurants "will serve as Brooklyn’s most comprehensive food destination," says REW.

The 675,000 square foot retail center's tenants will be anchored by Century 21 Department Store, CityTarget, Alamo Drafthouse Cinema, and the food purveyors.

Downtown Brooklyn is one of the fastest-growing neighborhoods in the country, City Point says.

Trader Joe's also plans to open a Williamsburg outpost in Alliance Private Capital’s planned mixed-use development at 206 Kent Avenue, the Commercial Observer reported.

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