Rose Associates Heads to Brooklyn

The planned City Point building--a.k.a Albee Square, a.k.a. The Gallery at Fulton Street--has brought another residential developer on board, according to Joe Chan, the president of the Downtown Brooklyn Partnership, a public-private entity overseeing the neighborhood’s development.

Rose Associates, a 79-year-old Manhattan-based firm, has joined a consortium of developers already working on the mixed-use project, which will reach up to 60 stories at the corner of Fulton Mall and Fleet Street. The consortium includes MacFarlane Partners, which is also developing the residential portion; Acadia Realty Trust; P/A Associates; and Paul Travis. Another residential developer, AvalonBay, dropped out earlier this year.