Armani will be first to open store at City Point

October 11, 2012 Compiled by Linda Collins Brooklyn Daily Eagle
With many officials and business leaders touting the resurgence of Downtown Brooklyn as a prime retail center, another new and highly regarded fashion tenant has been announced for the Fulton Mall.
The newly completed City Point retail building at Fulton and Albee Square will soon be occupied by its first tenant, A|X Armani Exchange.
City Point developer Acadia Realty Trust, in conjunction with its partners Washington Square Partners, and developers Aaron Malinsky and Paul Slayton, announced yesterday that Armani Exchange will open its second Brooklyn store in November. The fashion retailer has 13 stores in the Greater New York area, including its other Brooklyn location at Kings Plaza, according to its website.
The store will occupy a 6,500-square-foot corner space in the Fulton Mall building, referred to by the developers as Phase I and whose address will be One DeKalb Ave.
As the Eagle reported in May, a Century 21 department store will anchor the 1.3-million-square-foot mixed-use building that will comprise Phase II of the multi-building three-phase development t City Point. That store is scheduled to open in 2015.
“We are delighted to welcome an international iconic fashion brand to Downtown Brooklyn,” said Kenneth Bernstein, president and CEO of Acadia Realty Trust, in a statement sent to the Eagle. “A|X Armani Exchange is a youthful and fashionable label with broad appeal that will make City Point an attractive shopping addition to the area.”
Harlan Bratcher, president of Armani Exchange said in a statement, “It is very exciting to be part of the resurgence of Downtown Brooklyn and the quickly expanding retail scene on Fulton Street. Brooklyn is an energetic and vibrant place with fashion-minded young people, perfect for the Armani Exchange brand and lifestyle. We are pleased to have found a location that meets our retail standards.”
Quipped Borough President Marty Markowitz, “The opening of Armani Exchange at City Point brings together one of the world’s most recognizable names in fashion with another of the most well known brands on the planet: Brooklyn, USA.”
Tucker Reed said “City Point is the perfect project to reflect the diversity of Downtown Brooklyn today and is a centerpiece in the area’s resurgence. It includes first-class retail that enhances the district’s position as one of the city’s premier shopping destinations. The arrival of Armani Exchange is further affirmation that Downtown Brooklyn has arrived.”
This first phase of City Point was designed by Cook+Fox Architects, which recently received an Award for Excellence in Design for the building from the city’s Public Design Commission, according to Tom Montvel-Cohen, a spokesperson for the development team.