Acadia Retail Trust, one of the most active REITs in the retail-development game, currently has seven properties in the works across the city, including the proposed 1.6- million-square-foot Center at Albee Square in downtown Brooklyn. It has already started construction on four other developments, including the Offices at Fordham Road in the Bronx, which will be one of the borough’s first major mixed-use developments in a decade, and the Broadway Marketplace at GWB, which will bring six new levels of retail to a structure in Washington Heights. more [Sun]
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Acadia a leading REIT in retail push
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