A number of projects, including commercial, retail, and hotel components, are in various stages of development.
The Nu Hotel on Smith St.
Rendering of V3's Hotel Indigo.
City Point: Located in the heart of Downtown Brooklyn, City Point will be a mixed-use tower on the site of the former Albee Square Mall. Developed by a partnership led by Acadia Realty Trust, City Point will result in the creation of 520,000 square feet of retail space, 360,000 square feet of class A office space, a mix of affordable and market-rate residential units, and ample parking. For more information, visit their website.
Hotels: There are many new hotels currently in development, ranging from mid-priced chains to full service boutiques. On Duffield St., between Fulton Mall and Willoughby St., hotels in development include a 184-room Hotel Indigo, a 320-room Sheraton, and a 180-room aloft by Starwood Hotels.
A new 93-room boutique hotel called the Nu, located on Smith St. between State St. and Atlantic Avenue, started welcoming guests in July 2008. Other hotels planned or under development in Downtown Brooklyn include a 250-room Holiday Inn on Schermerhorn St., a 100-suite Homewood Suites by Hilton and a Hilton Garden Inn in Oro II, a tower that will be adjacent to Oro Condos on Gold St. at Flatbush Avenue.
Atlantic Yards: To be built over the rail yards near Atlantic and Flatbush Avenues, Atlantic Yards is a mixed use, multi-year development that will result in the creation of 6,800 mixed-income housing units, 247,000 square feet of retail, 800,000 square feet of office and hotel space, and the 18,000 seat Barclays Center. For more information, visit their website.
29 Gallatin Place: Located at Gallatin Place and Livingston Street, this project is converting a former Macy's warehouse into 100,000 square feet of Class A office space, along with ground floor retail.
Retail: More than 1.6 million square feet of retail is planned or under construction in Downtown Brooklyn. Many residential developments along Flatbush Avenue and throughout the district will feature ground-floor retail that will stimulate the pedestrian environment. This new retail will offer a diverse set of options for a growing resident, visitor, and employee population.