HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Skyscraper & Highrise Construction


Reply

 
Thread Tools Display Modes
     
     
  #1121  
Old Posted Sep 22, 2022, 12:28 PM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
New Renderings Unveiled Of 595 Dean Street In Prospect Heights, Brooklyn





Quote:
Developer TF Cornerstone has released new exterior renderings of 595 Dean Street, a two-building mixed-use development in the Pacific Park masterplan in Prospect Heights, Brooklyn. Designed by Handel Architects, the 23-story West Tower and 28-story East Tower will comprise a total of 798 units with 240 homes slated for affordable housing. Additional components include 3,412 square feet of ground-floor retail space, 58,675 square feet of public open space designed by Matthews Nielsen Landscape Architects, a 469-vehicle parking garage, and a 103,028-square-foot Chelsea Piers Field House.
=======================
NYY
Reply With Quote
     
     
  #1122  
Old Posted Nov 18, 2022, 11:27 PM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
Reply With Quote
     
     
  #1123  
Old Posted Jan 4, 2024, 7:56 PM
Mulan's Avatar
Mulan Mulan is offline
Registered User
 
Join Date: Feb 2022
Posts: 326
NEW YORK | Atlantic Yards

__________________
War is shit.
Reply With Quote
     
     
  #1124  
Old Posted Feb 1, 2025, 4:20 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
https://therealdeal.com/new-york/2025/01/31/related-companies-backs-out-of-pacific-park/

Related backs out of Pacific Park project in Prospect Heights
Lender working to secure another developer for Atlantic Yards site



Jan 31, 2025
By Kathryn Brenzel


Quote:
Three months from now, 876 affordable apartments are due in Brooklyn. The trouble is, they don’t have a developer.

Related Companies is no longer planning to take over the rest of Pacific Park, the long-stalled development in Prospect Heights formerly known as Atlantic Yards. The lender, Nick Mastroianni’s U.S. Immigration Fund, told state officials that it is restructuring its plan and will need to begin the process of getting another developer approved, according to a source familiar with the situation.
Quote:
Related’s departure further prolongs the long-stalled project, which was unveiled more than 20 years ago.

Any developer that takes over the sites must first receive approval from Empire State Development. “The state is eager for this project to move forward and has been strongly encouraging the parties involved to demonstrate progress,” a spokesperson for ESD said. “ESD has a process to vet and approve a permitted developer, which will be followed when a new developer is presented to us.”
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1125  
Old Posted Nov 8, 2025, 4:33 AM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
Pacific Park gets new developers and $12M for affordable housing

Quote:
Pacific Park, Brooklyn’s years-long stalled megadevelopment, could finally move forward after securing new funding and a fresh development team. This week, Cirrus Real Estate and LCOR acquired the development rights to six Brooklyn rail yard sites at a foreclosure auction, after Greenland USA, the project’s former developer, defaulted on nearly $350 million in loans, as first reported by The Real Deal. The new developers have also contributed $12 million to an affordable housing fund, compensating for penalties that were not enforced against Greenland USA for failing to complete 876 affordable apartments by May 2025. The move represents a significant step forward for the project, which was launched more than two decades ago.

[...]

Cirrus and LCOR will contribute $12 million to an affordable housing fund, including an upfront payment of $4.5 million. Empire State Development (ESD), the state agency overseeing the project, has paused the $2,000-per-month fines and set new deadlines, the first of which has already been missed. The agency opted not to enforce the penalties, citing concerns that Greenland would sue over the fines and further delay the project, The Real Deal reports.

Still, the $12 million payment remains far below the fines outlined in the 2014 agreement, which could have totaled $42 million.

Greenland remains a partner in the project, though in a much smaller capacity. The developer plans to monetize the B1 parcel, where a tower was previously proposed, and Site 5 across Flatbush Avenue. This would pave the way for a massive two-tower project at Site 5, which ESD has already approved, though it still requires public approval and a vote by the ESD board, according to the Atlantic Yards Report.
=====================
https://www.6sqft.com/pacific-park-gets-new-developers-and-12m-for-affordable-housing/
Reply With Quote
     
     
  #1126  
Old Posted Nov 8, 2025, 2:56 PM
Busy Bee's Avatar
Busy Bee Busy Bee is offline
Closeted Normie
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 12,857
What do they mean by "monetize the B1 parcel"?

Does that mean they're planning on developing the former Miss Brooklyn site as a tower and eliminate the generally liked open public plaza in front of Barclays?
__________________
Everything new is old again

Sic semper tyrannis
Reply With Quote
     
     
  #1127  
Old Posted Nov 8, 2025, 3:12 PM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
I believe they are referring to an air rights transfer with the parcel. Opening it up to the market. Monetizing it in other words.
Reply With Quote
     
     
  #1128  
Old Posted Nov 8, 2025, 3:16 PM
Busy Bee's Avatar
Busy Bee Busy Bee is offline
Closeted Normie
 
Join Date: Feb 2006
Location: on the artistic spectrum
Posts: 12,857
Transferring the air rights across Flatbush to Site 5 I presume?
__________________
Everything new is old again

Sic semper tyrannis
Reply With Quote
     
     
  #1129  
Old Posted Nov 8, 2025, 5:36 PM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
Yes for the largest site which is 5.

Hopefully it can get started soon considering the need. Sort of been a slow project. I mean its like what, almost 20 years since inception.
Reply With Quote
     
     
  #1130  
Old Posted Nov 20, 2025, 1:28 AM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
https://therealdeal.com/new-york/2025/11/19/cirrus-lcor-pitch-new-pacific-park-plan/

Pacific Park developers pitch new vision for long-delayed megadevelopment
“Contours of a plan” call for total of 9,000 units



By Kathryn Brenzel
November 19, 2025


Quote:
Developers on Tuesday laid out the “contours of a plan” for seven remaining sites at Pacific Park in Brooklyn, describing a development that would add thousands of housing units to what was previously approved.

During a public workshop, executives from Cirrus Real Estate Partners and LCOR, the project’s new development team, pitched a plan that would result in taller, but fewer towers, and ultimately net 9,000 housing units for the megadevelopment (including those already built). The previous plan called for a total of 6,430 units.

If this version is pursued, the development would include five towers, instead of six, on sites that will require a platform to be built over active train tracks between Pacific Street and Atlantic Avenue. Density from the eliminated tower, dubbed B8 and located at the corner of Carlton and Atlantic avenues, would be shifted to the other sites. Meanwhile, B8 would become green space.
Quote:
The total development, formerly called Atlantic Yards and first proposed over two decades ago, would result in 9.6 million square feet, compared to the previously planned 8 million. The average height of the project’s buildings would be 550 feet, instead of 350 feet.

The proposals are not final, and any changes will require amendments to the state’s general project plan, a method outside the city’s land use process that lays out the parameters of a project. That will be a separate process from the public workshops.
Quote:
The changes, according to the developers, would speed up construction of housing, while also ensuring that more open space is part of the plan.

Cirrus’ Joseph McDonnell explained that shifting residential density from B8, which presented logistical challenges, would lead to faster housing construction. Most of that square footage would be moved to solid ground, rather than atop a platform. In other words, to areas where it is easier to build.

“This is a very constrained site. We’re not here to sugarcoat it,” McDonnell said. “We’re here to take what we’ve been given, and it’s imperfect, it’s an imperfect plan from a very imperfect development, and try to achieve more affordability and more open space.”

The development team, he said, is guided by wanting to build “more affordable housing sooner,” to add more contiguous open space and to ensure the affordable housing is available to a range of income levels. Given those concepts, he said it may make sense not to build on B8.
Quote:
The team also proposed shifting development rights from a public plaza in front of Barclays — once envisioned as a Frank Gehry-designed office tower called “Miss Brooklyn” — to build two towers on what is known as site 5, across the street from Barclays and currently home to a P.C. Richard & Son and a former Modell’s that was recently converted into a youth basketball training facility. Tuesday’s workshop was held at the latter.

The towers on site 5 would rise a maximum of 775 feet, higher than the previously approved 620 feet, though even taller towers were previously contemplated. The developers are thinking of focusing the income levels of the affordable units on moderate- to middle-income tenants, with rents capped at levels affordable to those earning at most 130 percent of the area median income. The previously approved rents were affordable to those earning between 40 percent and 160 percent of the AMI.
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1131  
Old Posted Nov 21, 2025, 4:06 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
A little more info...


1




2




3




4




5




6




7





8




9




10
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1132  
Old Posted Mar 26, 2026, 2:44 PM
chris08876's Avatar
chris08876 chris08876 is offline
NYC/NJ/Miami-Dade
 
Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
NY state considering $350M in aid to build stalled Atlantic Yards platform in Brooklyn

Quote:
The long-stalled plan to build a platform and new apartment buildings above the train tracks at Brooklyn’s Atlantic Yards may soon get a major cash infusion not from a developer or private investor, but from New York state taxpayers.

The plea for public funds comes less than a year after developers behind the project skirted millions in monthly fines for failing to deliver hundreds of affordable apartments on time.

State economic development officials say public money is necessary to finally construct the platform over the MTA-owned railyard, a plan first hatched with a pledge to privately fund the deck in 2003 — five governors, four mayors and three development teams ago.

“We do acknowledge that there will need to be public resources to offset the value of, or the costs of the platform,” said Joel Kolkmann, senior vice president for real estate at Empire State Development during a public hearing last Thursday. “Platform construction is incredibly complicated. It's incredibly expensive. And I think if you look at a lot of projects throughout New York City that have platforms, there's been public resources dedicated to them."

A new development team made up of the firms Cirrus Real Estate Partners and LCOR has asked for $350 million in state aid to build the Atlantic Yards platform, where they say they will construct a new park, along with thousands of apartments and condos in new residential buildings. Assemblymember JoAnne Simon, who represents the area and co-founded a coalition to hold developers accountable to the project plan, described the request to Gothamist.

Simon said she expects the governor to approve the funding during the ongoing budget negotiations, but said it should also come with commitments to build more deeply affordable apartments under the terms of previously broken Atlantic Yards agreements.
==================
https://gothamist.com/news/ny-state-cons...lled-atlantic-yards-platform-in-brooklyn
Reply With Quote
     
     
  #1133  
Old Posted May 22, 2026, 2:10 AM
mrnyc mrnyc is offline
cle/west village/shaolin
 
Join Date: Jul 2006
Posts: 15,123
the primary thread header title should be changed back to atlantic yards thats what everyone calls it anyway.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Skyscraper & Highrise Construction
Forum Jump



Forum Jump


All times are GMT. The time now is 4:47 AM.

     
SkyscraperPage.com - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.