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In Gilmartin interview from May, a reminder that Atlantic Yards pace was never realistic, the role of luck, and the dubious claim of an ongoing Forest City alliance
Blog 1 day ago
In Gilmartin interview from May, a reminder that Atlantic Yards pace was never realistic, the role of luck, and the dubious claim of an ongoing Forest City alliance

There are a couple of intriguing lines in a 5/16/19 interview with MaryAnne Gilmartin, co-founder of L&L MAG and former CEO of Forest City Ratner,...

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As City Planning report points to inadequate regional housing and transportation, a reminder of the mayor's limited power to address inequality
Blog 4 days ago
As City Planning report points to inadequate regional housing and transportation, a reminder of the mayor's limited power to address inequality

A new report from the Department of City Planning, The Geography of Jobs (also at bottom), describes the challenges posed by inadequate housing and...

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For third tower at Metropolis project In Los Angeles, Greenland shifts from condos to rentals
Blog 5 days ago
For third tower at Metropolis project In Los Angeles, Greenland shifts from condos to rentals

It's a never-say-never project, I always say about Atlantic Yards, given the history of--and potential for--changes, including changes in ownership...

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After clearing of clogged pipe at 535 Carlton, open space gets partly reopened
Blog 2 weeks ago
After clearing of clogged pipe at 535 Carlton, open space gets partly reopened

Open space partly open, from Dean StreetFor at least a week, the open space outside 535 Carlton Avenue--closed since late August--has been partly...

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Revisiting the 2006 Response to Comments: were warnings of the likelihood of delay taken seriously?
Blog 2 weeks ago
Revisiting the 2006 Response to Comments: were warnings of the likelihood of delay taken seriously?

Over several posts in an occasional series, I'll revisit various Response to Comments documents in separate environmental review or project...

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Permits filed for B12 and B13 towers, with 798 units; total square footage does not add up
Blog 2 weeks ago
Permits filed for B12 and B13 towers, with 798 units; total square footage does not add up

Permits Filed For 29-Story Building At 595 Dean Street In Prospect Heights, Brooklyn, YIMBY tells us this morning, but the description--a 298-foot...

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Yes, Atlantic Yards was an example of a
Blog 3 weeks ago
Yes, Atlantic Yards was an example of a "new mega-project," given its nod to broader interests

I recently read Old Mega-Projects Newly Packaged? Waterfront Redevelopment in Toronto, published in the December 2008 issue of International...

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From the latest Construction Alert: overnight foundation pours Oct. 18 and Oct. 25, Community Liaison Office moves to 550 Vanderbilt
Blog 4 weeks ago
From the latest Construction Alert: overnight foundation pours Oct. 18 and Oct. 25, Community Liaison Office moves to 550 Vanderbilt

The latest Atlantic Yards/Pacific Park Construction Update (bottom), covering the two weeks beginning tomorrow, Monday, Oct. 14, was circulated...

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As big-ticket apartment prices drop, given larger state transfer tax, price cuts for Pacific Park condos
Blog 1 month ago
As big-ticket apartment prices drop, given larger state transfer tax, price cuts for Pacific Park condos

New York City Apartment Prices Hit Four-Year Low, the Wall Street Journal reported 9/30/19:Manhattan apartment sales tumbled during the third...

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Following BrooklynSpeaks forum, a chance for more lower-income affordable housing? The options seem limited.
Blog 1 month ago
Following BrooklynSpeaks forum, a chance for more lower-income affordable housing? The options seem limited.

Credit the Brooklyn Eagle for being the only other news outlet to cover the BrooklynSpeaks meeting Thursday night. My longer, more general coverage...

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With settlement regarding 80 Flatbush, a
Blog 1 month ago
With settlement regarding 80 Flatbush, a "Community Benefits Agreement" with perhaps some Atlantic Yards pointers re construction protection

From the press release regarding tonight's BrooklynSpeaks meeting: Sixteen years after the announcement of the Atlantic Yards project, fundamental...

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At BrooklynSpeaks meeting Thursday (with electeds), a chance to discuss a
Blog 1 month ago
At BrooklynSpeaks meeting Thursday (with electeds), a chance to discuss a "new plan" for affordable housing, traffic, and more. But what's the leverage?

The sponsors of the BrooklynSpeaks coalition--neighborhood and housing groups--and some allied elected officials are holding a forum tomorrow night...

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Looking at the Affordable NY program: even middle-income units at 130% of AMI (vs. 165%) are getting pricey. A template for future Atlantic Yards towers?
Blog 1 month ago
Looking at the Affordable NY program: even middle-income units at 130% of AMI (vs. 165%) are getting pricey. A template for future Atlantic Yards towers?

Affordable apartments for high earners on LIU’s Downtown Brooklyn campus, the Brooklyn Daily Eagle reported 9/26/19, pointing to RXR Realty's 34...

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Cuomo breaks ground at Belmont for new Islanders arena, as two new lawsuits linger; seven more games moved from Barclays Center to Nassau Coliseum
Blog 1 month ago
Cuomo breaks ground at Belmont for new Islanders arena, as two new lawsuits linger; seven more games moved from Barclays Center to Nassau Coliseum

We've seen the pageantry before, with different people. Yesterday, Gov. Andrew Cuomo and his Empire State Development (ESD), led by Eric Gertler ...

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Community Liaison Office moving to 550 Vanderbilt retail space; no update on Site 5
Blog 1 month ago
Community Liaison Office moving to 550 Vanderbilt retail space; no update on Site 5

This is the fifth of several articles based on the 9/17/19 Quality of Life meeting, hosted by Empire State Development (ESD), the state authority...

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Clouds over Chinese investment continue to grow, though no specifics re Greenland
Blog 1 month ago
Clouds over Chinese investment continue to grow, though no specifics re Greenland

The clouds are growing regarding foreign (including Chinese) investment in New York City real estate, but the chatter has not reached Atlantic...

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In 2005,
Blog 2 months ago
In 2005, "health and fitness clubs" were considered by Atlantic Yards developer to represent *retail* space. Now they're a new category: "recreational" space.

The plot thickens; we have some 2005 evidence that casts even more doubt over the 8/15/19 Empire State Development (ESD) approval of "recreational...

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A new, higher-paying tenant at Atlantic Terminal: Sephora
Blog 2 months ago
A new, higher-paying tenant at Atlantic Terminal: Sephora

Sephora Signs at Brooklyn's Atlantic Terminal Mall, the Commercial Observer reported 9/6/09, with the key piece of information "asking rents at the...

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NY State document incorporated a ridiculous Pacific Park timetable, estimating 2022 project completion, <i>after</i> locals and oversight body were told 2025
Blog 2 months ago
NY State document incorporated a ridiculous Pacific Park timetable, estimating 2022 project completion, after locals and oversight body were told 2025

For the third time, I've found a disturbing discrepancy, in which clashing project timetables were distributed at the same time, to different...

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WSJ says it's time to sell newly hamstrung, debt-burdened Greenland (a red flag in Brooklyn?)
Blog 2 months ago
WSJ says it's time to sell newly hamstrung, debt-burdened Greenland (a red flag in Brooklyn?)

I made my second stock pick for the @wsjheard summer contest! It's Greenland Group, one of China's largest property developers - another sell...

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Revisiting the 2006 Response to Comments: project concept, evolution, and process to evaluate changes (yes, it was wise to propose more oversight)
Blog 2 months ago
Revisiting the 2006 Response to Comments: project concept, evolution, and process to evaluate changes (yes, it was wise to propose more oversight)

Over several posts, I'll revisit various Response to Comments documents in separate environmental review or project approval processes, pointing...

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With apartment oversupply down, Brooklyn builders feeling more optimistic (for now)
Blog 2 months ago
With apartment oversupply down, Brooklyn builders feeling more optimistic (for now)

Bisnow yesterday posted After Years Of Brooklyn Apartment Oversupply, Construction Is Down And Rents Are Up and, while it should be taken with a...

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IBO: affordable units more likely to be low- or moderate-income (though that's not the case with AY)
Blog 2 months ago
IBO: affordable units more likely to be low- or moderate-income (though that's not the case with AY)

The devil's in the details, as I like to say. From the New York City Independent Budget Office (IBO), WHAT'S THE RENT? A SNAPSHOT OF THE RENTS FOR...

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New ESD head is Eric Gertler, replacing Howard Zemsky; no reason to expect changes regarding Atlantic Yards
Blog 2 months ago
New ESD head is Eric Gertler, replacing Howard Zemsky; no reason to expect changes regarding Atlantic Yards

In a scoop before the official announcement yesterday, the Wall Street Journal's Jimmy Vielkind wrote New York Gov. Cuomo Nominates New State...

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Blog 2 months 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 months 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 3 months 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 3 months 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 3 months 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 3 months 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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