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Blog 1 day ago
Before ESD meeting, board materials obfuscate stance of Atlantic Yards advisory group, which did not endorse new below-ground use for fitness center/field housespace

They're not coming clean.Board Materials for today's meeting of Empire State Development (ESD), which oversees and shepherds Atlantic Yards/Pacific...

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Is proposed below-ground
Blog 2 days ago
Is proposed below-ground "recreational" space really a swap for parking? No way.

OK, let's get this straight. Empire State Development, which oversees/shepherds (and promotes) the Atlantic Yards/Pacific Park development,...

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At BrooklynSpeaks press conference, elected officials call for denial of new underground space without environmental review, new timetable (Adams now supportive)
Blog 4 days ago
At BrooklynSpeaks press conference, elected officials call for denial of new underground space without environmental review, new timetable (Adams now supportive)

Jo Anne Simon speaks. Image North Flatbush BIDIn a press conference held this morning on the Carlton Avenue Bridge between Pacific Street and...

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As Belmont arena gets approved, belatedly released appraisal summaries dubiously claim lease is above fair market value; $105M spend for <i>two</i> LIRR stations?
Blog 1 week ago
As Belmont arena gets approved, belatedly released appraisal summaries dubiously claim lease is above fair market value; $105M spend for two LIRR stations?

If you read Newsday, which last night published State approves $1.3 billion Belmont arena project, you'd know that Empire State Development, Gov....

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McDonald’s lot opposite Pacific Park flank eyed for high-rise; expected spot rezoning might exceed Community Board 8's still-significant broader plan
Blog 1 week ago
McDonald’s lot opposite Pacific Park flank eyed for high-rise; expected spot rezoning might exceed Community Board 8's still-significant broader plan

A large lot at the southeast corner of Vanderbilt Avenue and Atlantic Avenue, currently home to a drive-through McDonald’s and across from the...

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From The City: doubts that affordable housing timetable will be met (my take: it's possible, but more transparency needed)
Blog 1 week ago
From The City: doubts that affordable housing timetable will be met (my take: it's possible, but more transparency needed)

Questions about the Atlantic Yards/Pacific Park affordable housing timetable get an airing in GAME CLOCK TICKING ON AFFORDABLE HOUSING AT BROOKLYN...

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Blog 2 weeks ago
"How ‘Developer’ Became Such a Dirty Word" (with Forest City cameo)--and some pushback

The New York Times on 7/29/19 published Emily Badger's How ‘Developer’ Became Such a Dirty Word, subtitled "It’s a demonized group, yet there are...

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Clarifying design changes at B5: now, tower's Atlantic Avenue facade will go straight up, above the base
Blog 3 weeks ago
Clarifying design changes at B5: now, tower's Atlantic Avenue facade will go straight up, above the base

Thanks to a new graphic distributed at the 7/22/19 meeting of the Atlantic Yards Community Development Corporation (AY CDC), we now have a better...

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Community Board 8 Committee urges state not to approve below-ground space (for fitness center/field house) without further public review
Blog 3 weeks ago
Community Board 8 Committee urges state not to approve below-ground space (for fitness center/field house) without further public review

It may not have legal weight, but the Land Use Committee of Brooklyn Community Board 8 has unanimously passed a resolution requesting that a...

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Re-clarification! Fitness center/field house now said to represent recreational facility (& parking swap), not commercial use; advisory vote partly postponed
Blog 3 weeks ago
Re-clarification! Fitness center/field house now said to represent recreational facility (& parking swap), not commercial use; advisory vote partly postponed

A 60,000 square foot field house--with an indoor soccer field, a learn-to-swim pool, and a gymnastics facility--plus a 45,000 square foot fitness...

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Surprise! State plans to allow 100,000 square feet new below-grade space for fitness center, calls this
Blog 1 month ago
Surprise! State plans to allow 100,000 square feet new below-grade space for fitness center, calls this "clarification" (that doesn't trigger official review)

The is the first of multiple articles about the 7/16/19 Quality of Life meeting, which focused on proposed modifications to the Atlantic Yards...

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Next AY CDC meeting July 22 at 3 pm, set to endorse changes in project (that we don't yet know about)
Blog 1 month ago
Next AY CDC meeting July 22 at 3 pm, set to endorse changes in project (that we don't yet know about)

The train is rolling. The fix is in.With less than one week's notice, Empire State Development, the state authority overseeing/shepherding Atlantic...

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So, what might
Blog 1 month ago
So, what might "Reduction of the Open Space North-South Walkway Width" mean? Bigger building, more "affordable housing"?

I wrote 7/11/19 about several proposed changes to Atlantic Yards/Pacific Park, which will be explained--rather than revealed beforehand, allowing...

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What's next for Atlantic Yards? Several changes, including (likely) larger buildings, design modifications, less parking for cars/bikes, smaller open space walkway
Blog 1 month ago
What's next for Atlantic Yards? Several changes, including (likely) larger buildings, design modifications, less parking for cars/bikes, smaller open space walkway

What's next for Atlantic Yards? Those of us making presentations at a recent public meeting didn't have solid predictions, only the inkling that...

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From the Brooklyn Daily Eagle:
Blog 1 month ago
From the Brooklyn Daily Eagle: "When developers call upzoning a public benefit, check their bottom line" (plus a Site 5 connection)

Yesterday, the Brooklyn Daily Eagle published my essay, headlined OPINION: When developers call upzoning a public benefit, check their bottom line,...

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For platform over railyard, the 2025 deadline should be easy to meet (because that's the start, not the finish)
Blog 1 month ago
For platform over railyard, the 2025 deadline should be easy to meet (because that's the start, not the finish)

The year 2022 is a key year in the Atlantic Yards/Pacific Park timetable, as I wrote last month, because 6/15/22--the last date to start a building...

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Ten years later, the promises at the MTA meeting:
Blog 1 month ago
Ten years later, the promises at the MTA meeting: "Imagine what this project will do over ten years to put people back to work, to give union jobs."

Ten years ago, on 6/24/09, the board of the Metropolitan Transportation Authority (MTA) voted 10-2 to approve a last-minute deal allowing Forest...

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At 461 Dean, a waitlist opens for not-so-cheap
Blog 1 month ago
At 461 Dean, a waitlist opens for not-so-cheap "affordable" units (but the value has improved)

As first noted 6/20/19 by 6sqft, Waitlist opens for ‘affordable’ units at Pacific Park’s modular tower, from $2,025/month, "not-so-affordable" ...

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For B12 and B13, a big boost in unit count (which means smaller units, increased bulk, or?)
Blog 1 month ago
For B12 and B13, a big boost in unit count (which means smaller units, increased bulk, or?)

Yesterday I quoted a TF Cornerstone executive as saying the two buildings planned (B12, B13) to start next year contain 800 units. While that...

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Why 2022 could be a very big year for Atlantic Yards/Pacific Park: looming 2025 housing deadline, plus Affordable NY renewal
Blog 1 month ago
Why 2022 could be a very big year for Atlantic Yards/Pacific Park: looming 2025 housing deadline, plus Affordable NY renewal

May 31, 2025 is the deadline for the required 2,250 affordable housing units, with potentially onerous $2,000/month fines per missing unit facing...

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Looking back at Gilmartin's 2015 speech: the real story of the green roof; how loss of modular added burden to neighbors; how Greenland deal had gone
Blog 1 month ago
Looking back at Gilmartin's 2015 speech: the real story of the green roof; how loss of modular added burden to neighbors; how Greenland deal had gone "very well"

In September 2015, I wrote about a 6/29/15 speech MaryAnne Gilmartin, then CEO of Forest City Ratner, gave to a friendly audience at Terra CRG's...

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At real estate summit, talk of
Blog 1 month ago
At real estate summit, talk of "a supertall office tower" at Atlantic Yards/Pacific Park

One audience member at last night's panel on "What's Next for Atlantic Yards" asked, not unreasonably, what the "news" was. (I'll write more on the...

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At Fifth and Dean near the arena, a one-time for accountants will be home to Insomnia Cookies
Blog 2 months ago
At Fifth and Dean near the arena, a one-time for accountants will be home to Insomnia Cookies

Hidrock Properties, via Commercial ObserverInsomnia Cookies Opening First Brooklyn Outpost in Park Slope, the Commercial Observer reported 6/13/19...

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Revisiting the RPA's Next New York recommendations from 2012: not much improvement for Atlantic Yards/Pacific Park (third party monitor?)
Blog 2 months ago
Revisiting the RPA's Next New York recommendations from 2012: not much improvement for Atlantic Yards/Pacific Park (third party monitor?)

Now that Atlantic Yards/Pacific Park has multiple new owners and leaseholders (FAQ here), and residents are trying to assess the project's progress...

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Walk-ins Welcome. No fee. Stop by 535 Carlton, you might find an apartment.
Blog 2 months ago
Walk-ins Welcome. No fee. Stop by 535 Carlton, you might find an apartment.

Well, just in case you're looking for a two-bedroom apartment--or maybe just visiting BKLYN CLAY--and happen to be at the corner of Dean Street and...

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What's the ownership percentage for B4 (18 Sixth Avenue)? How much did Brodsky pay the joint venture?
Blog 2 months ago
What's the ownership percentage for B4 (18 Sixth Avenue)? How much did Brodsky pay the joint venture?

Yesterday, in my blog follow-up to my Brooklyn Eagle article on a letter from legislators asking questions about the Pacific Park timetable, I...

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A closer look at the elected officials' letter on affordable housing schedule: what's role of new developers? any recourse if sponsors fail? who owns what?
Blog 2 months ago
A closer look at the elected officials' letter on affordable housing schedule: what's role of new developers? any recourse if sponsors fail? who owns what?

My relatively article yesterday for the Brooklyn Daily Eagle, Brooklyn lawmakers seek Pacific Park affordable housing schedule, focused on the most...

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Announcement:
Blog 2 months ago
Announcement: "How do I apply for affordable and low-income housing?" (which means those aren't quite the same)

Maybe this formulation's been used regularly, but this affordable housing forum tomorrow--information shared by Council Majority Leader Laurie...

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For now, 38 Sixth corner retail space serves as a construction field office
Blog 2 months ago
For now, 38 Sixth corner retail space serves as a construction field office

An enduring challenge plaguing most of the extant Atlantic Yards/Pacific Park project has been slow lease-up of available retail space.I reported...

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TF Cornerstone gets $73M loan on two development sites on southeast block
Blog 2 months ago
TF Cornerstone gets $73M loan on two development sites on southeast block

As first reported 5/28/19 by the Commercial Observer, Pacific Park Resi Tower Nabs $73M Financing from M&T, and then The Real Deal, TF Cornerstone...

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