CITY POINT'S FIRST RETAIL STORE WILL BE ARMANI EXCHANGE
NEW YORK CITY — Armani Exchange will be the first retailer to open in the recently completed first phase of the massive City Point project in Brooklyn. The luxury retailer has signed a lease for 6,500 square feet on the corner of Fulton and Gold streets and will open in November. In May, Century 21, a discount designer retailer, announced it would open a 125,000-square-foot store to anchor City Point. The store is set to open in the fall of 2015. A partnership led by Arcadia Realty Trust is developing the mixed-use City Point project, which is planned to include 1.6 million square feet when completed in 2018.