The New Coney Island - Brooklyn's Times Square by the Sea

Friday, October 31, 2014

Target coming to City Point

Daily News excerpts -

CityTarget, Target's slimmed down answer to urban markets, will occupy the entire second floor of City Point, the 675,000-square-foot retail center currently under construction in Downtown Brooklyn, sources told the Daily News.

The 125,000-square-foot deal, which was inked over a year ago, also includes some storage space on the third floor of the retail complex.

"We know that Brooklyn is on the rise," a spokesperson for Target told the Daily News. "We know it's filled with everyone from urbanites to students to tourists. CityTarget will be incredibly well suited to serving the neighborhood as well as visitors."

The store will open in 2016. Other big retail anchors of the complex include Century 21 and Alamo Drafthouse Cinema. Rents start at over $20 a square foot and top out at around $40 a square foot, industry sources said.

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