City Point

What City Point does

City Point, operated through Albee Development LLC (a subsidiary of Acadia Realty Trust, a publicly traded REIT headquartered in Rye, New York), is the largest mixed-use development in Brooklyn. The property at 445 Albee Square West in Downtown Brooklyn encompasses nearly 2 million square feet, including approximately 500,000 square feet of retail, restaurants, entertainment venues, and athletic facilities situated directly beneath luxury apartments. It draws 7.2 million annual visitors through a curated mix of anchor and destination tenants spanning retail (Target, Trader Joe's, Sephora, Primark, Lululemon, Warby Parker, Casper, Joybird, McNally Jackson), dining (Fogo de Chão, Katz's Delicatessen, Han Dynasty, and the DeKalb Market Hall food hall with 35+ chefs and vendors), entertainment (Alamo Drafthouse cinema, Court 16 tennis and pickleball, The Escape Game, Somethin' Else Bar, My Gym), and healthcare and education services (NYU Dentistry, One Medical, Spear PT, GoodVets, BASIS Independent Brooklyn).

The company's go-to-market is dual-sided: B2B commercial leasing of retail and experiential space to national and regional tenants, and B2C direct-to-consumer visitor traffic captured through the property's physical destination, community events programming, and digital channels including an Instagram presence (@citypointbklyn) and an email newsletter. Strategic community partnerships with Brooklyn Org, Downtown Brooklyn Partnership, and Brooklyn Heights Association drive programming such as BKLYN's Biggest Reading Party and The Longest Table event.

Revenue is generated primarily through recurring commercial lease income on the 500,000 sq ft of retail, dining, entertainment, and athletic space, supplemented by residential rental income from the luxury apartments sited above the retail podium; specific lease rates, occupancy figures, and revenue are not publicly disclosed. The property benefits from structural location advantages—placement in the nation's third most-dense downtown, immediate access to the DeKalb Avenue subway station serving 14 lines, a 15-minute subway ride from SoHo, and a surrounding trade area with $213,208 average household income. City Point does not operate proprietary technology, software products, or APIs; consumer-facing infrastructure is limited to the marketing website and digital amenities (complimentary WiFi, GO Lockers, LAZ Parking).

Name

City Point

Legal name

Albee Development LLC

Website

https://citypointbrooklyn.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

City Point is the largest mixed-use development in Brooklyn, operating nearly 2 million square feet of retail, dining, entertainment, healthcare, and luxury residential space in Downtown Brooklyn and serving 7.2 million annual visitors through a curated national anchor and destination tenant mix.

Ownership category

akta.pro rank

Headquarters

HQ city

Brooklyn

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Commercial Leasing: Rental income from retail tenants, restaurants, entertainment venues, and athletic facilities occupying approximately 500,000 square feet of retail space within the 2 million square foot mixed-use development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

City Point is a mixed-use real estate destination in Downtown Brooklyn comprising approximately 2 million square feet, including 500,000 square feet of retail, restaurant, entertainment, and athletic space positioned beneath luxury residential apartments. The property leases space to national and local tenants across retail, dining, entertainment, wellness, and education categories, and directly operates the DeKalb Market Hall food hall with 35+ vendors, drawing 7.2 million annual visitors.

Product overview

City Point is a mixed-use development and not a software product. It is the largest mixed-use development in Brooklyn, encompassing nearly 2 million square feet including 500,000 square feet of retail, restaurants, entertainment venues, and athletic facilities situated below luxury apartments. The property serves as a hub for food and beverage (DeKalb Market Hall with 35+ vendors, Fogo de Chao, Katz's, Han Dynasty), entertainment (Alamo Drafthouse movie theater, The Escape Game, Court 16 tennis/pickleball), health and wellness services (NYU Dentistry, One Medical, Spear PT, GoodVets), and retail shopping (Target, Trader Joe's, Sephora, Primark, Lululemon, McNally Jackson, Warby Parker, Casper, Joybird). With 7.2 million yearly visitors, City Point offers amenities including complimentary WiFi (BKLYN BORN), on-site subway access, LAZ Parking, disability assistance, and GO Lockers.

Differentiator

Problem solved

Functional benefit

Products and services

• City Point Brooklyn Mixed-Use Development City Point Brooklyn is a 2 million square foot mixed-use development in Downtown Brooklyn featuring approximately 500,000 square feet of retail, restaurants, entertainment venues, and athletic facilities situated below luxury apartments, serving 7.2 million yearly visitors via anchor tenants Target, Trader Joe's, Sephora, Lululemon, Primark, and an on-site DeKalb Market Hall food hall, plus entertainment venues, wellness services, and event programming.
• DeKalb Market Hall DeKalb Market Hall is a food hall within City Point Brooklyn featuring 35+ global eateries and vendors including Alidoro, A Taste of Katz's, Craft & Carry, Daigo Handroll Bar, and numerous other dining options, operating daily from 11AM to 10PM, serving City Point visitors with diverse culinary experiences.
• City Point Community Events Programming City Point operates an event programming calendar featuring family-friendly events, seasonal celebrations, cultural festivals, reading parties, and community programming co-hosted with Brooklyn Org, Downtown Brooklyn Partnership, Brooklyn Heights Association, McNally Jackson, Reading Rhythms, and The Rock and Roll Playhouse, designed to drive visitor traffic and tenant engagement.
• City Point Commercial Leasing Commercial leasing of approximately 500,000 square feet of retail, restaurant, entertainment, and athletic space within City Point Brooklyn to retail, grocery, fashion, beauty, dining, entertainment, healthcare, and education tenants under recurring rental agreements.

Named customers15 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Brooklyn OrgcoreStrategic or Co-development PartnerBrooklyn Org is a co-host for community events including Moms Who Move Brooklyn breakfast and panel discussions, and the Show BKLYN Some Love Fest. Dr. Jocelynne Rainey serves as President & CEO of Brooklyn Org, with a mission to bring the community together through shared resources and collective impact.
• Downtown Brooklyn PartnershipcoreStrategic or Co-development PartnerCo-host for community events and reading parties. Partners on BKLYN's Biggest Reading Party hosted outside at Abolitionist Place.
• Brooklyn Heights AssociationminorGTM or Marketing PartnerCity Point was a sponsor for The Longest Table community event in Brooklyn Heights for its 2nd year.
• McNally JacksonminorGTM or Marketing PartnerMcNally Jackson partnered with City Point for summer reading events, with first 200 guests receiving $5 gift cards and bookmarks.
• Reading RhythmsminorGTM or Marketing PartnerHosts BKLYN's Biggest Reading Party at Abolitionist Place, with City Point co-sponsoring the event.
• BKLYN MavensminorStrategic or Co-development PartnerBKLYN Mavens founders Merlyn and Lauren were featured in Brooklyn Vibes video series, celebrating Brooklyn people, culture, and neighborhoods.
• The Rock and Roll PlayhouseminorGTM or Marketing PartnerCity Point partnered with BKLYN Org and The Rock and Roll Playhouse for a family concert giveaway event.

Scale indicators9 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Taubman Centers: Taubman owns and operates a portfolio of premium US shopping centers, including urban and mixed-use assets; comparable to City Point as a retail REIT focused on higher-end, experience-led shopping destinations, though Taubman's portfolio skews to enclosed regional centers.
• Simon Property Group: Simon is the largest US retail REIT, operating enclosed malls and mixed-use destinations nationwide; comparable to City Point as an institutional owner-operator of retail real estate, though Simon's portfolio is predominantly suburban and enclosed rather than urban street-level.
• Brookfield Properties: Brookfield Properties operates large-format mixed-use and retail assets across North America, including Brookfield Place NYC; comparable to City Point as a developer-operator of urban mixed-use properties combining retail, dining, and office components.
• The Macerich Company: Macerich is a US REIT operating urban and suburban retail destinations including Tysons Corner Center and Queens Center — comparable to City Point as a retail destination REIT, with similarly curated dining and entertainment alongside traditional anchor retail.
• Unibail-Rodamco-Westfield (URW): URW operates a global portfolio of large-format and urban retail destinations including flagship Westfield properties; comparable to City Point as a developer-operator of mixed-use retail destinations, though URW operates at much broader scale.

Direct peers

• American Dream: American Dream is a large-scale retail and entertainment destination in New Jersey combining theme-park attractions, dining, and retail — directly comparable to City Point's experiential-plus-retail positioning and DeKalb Market Hall-style culinary anchor.
• The Shops at Columbus Circle: The Shops at Columbus Circle is an urban luxury retail and dining destination inside the Time Warner Center at Columbus Circle — comparable to City Point as a curated urban retail/dining collection serving a high-income, transit-accessible catchment.
• Hudson Yards: Hudson Yards is a Manhattan mixed-use development with a curated retail and dining collection (The Shops), experiential attractions, and luxury residential above — directly comparable to City Point's mix of anchor retail, dining, and entertainment beneath residential towers in a transit-accessible urban core.
• Brookfield Place New York: Brookfield Place is a Lower Manhattan mixed-use property combining high-end retail, dining, and office space above — directly comparable to City Point's downtown-mixed-use model combining retail, dining, and office-adjacent professional foot traffic.

Regional players

• Vornado Realty Trust: Vornado is a NYC-focused REIT with significant Manhattan street retail and office assets (e.g., 666 Fifth Avenue, Penn District); comparable to City Point as a NYC real estate owner with retail and mixed-use exposure, though Vornado's primary geography is Manhattan rather than Brooklyn.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/citypointbklyn
• Instagraminstagram.com/citypointbklyn
• LinkedInlinkedin.com/company/albee-development-llc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about City Point