Total Development Size
Triangle Junction, a Target-anchored shopping center in Brooklyn, is the product of a successful public-private partnership with the City of New York. Triangle Equities was selected through an RFP process run by the NYC Economic Development Corporation (EDC) to develop a commercial center in the vicinity of Brooklyn College on what was previously a municipal parking lot.
Located at the junction of Flatbush and Nostrand Avenues, a terminal point for two subway lines and six public bus lines, Triangle Junction is a transit-oriented development in a densely populated neighborhood (1.2 million people within a 3-mile radius). This project has successfully catalyzed further development in the immediate vicinity and led the revitalization of the Flatbush Avenue retail corridor south of Prospect Park.
In order to create a large enough footprint to entice a large format retailer participation, Triangle designed and built the building over a 40,000 SF rail-cut that carries freight traffic daily. The same right-of-way provides a fuel-oil pipeline to supply JFK International Airport with fuel, presenting environmental concerns in addition to a construction obstacle. Triangle Junction is an excellent example of the type of challenging projects that Triangle takes on, given its construction complications as well as the necessary approvals.