NEW YORK | 590 Atlantic Avenue | 700+ FT | FLOORS (1.5 mil sq-ft)

[Busy Bee]

^ Atlantic Terminal/Center will see a massive redevelopment too. That's only a matter of time. A bit of a waste since it's not all that old and the MTA put all that $ into Atlantic Terminal, but it was bad when it was new but looks positively comical in scale and quality at this prime crossroads now.

[BK1985]

Originally Posted by Busy Bee

^ Atlantic Terminal/Center will see a massive redevelopment too. That's only a matter of time. A bit of a waste since it's not all that old and the MTA put all that $ into Atlantic Terminal, but it was bad when it was new but looks positively comical in scale and quality at this prime crossroads now.

I think center is more likely to see any development action first since it’s so ugly. Terminal may survive for much longer since there it’s integrated with MTA services and bigger retail tenants not to mention decent office space above (I may be biased since I worked in the office portion)

[NYguy]

https://mobile.twitter.com/ayreport/...96143268814848






https://atlanticyardsreport.blogspot...den-tells.html

July 26, 2022

The main public discussion about the future of Atlantic Yards, beyond the private talks and plans between the developers and governmental agencies, has come from the BrooklynSpeaks coalition, as in the Crossroads series of four online charettes last winter, as I described yesterday in my FAQ regarding the kerfuffle over the unbuilt Urban Room.

But BrooklynSpeaks, which in 2014 got the developer and state to agree to a 2025 deadline for affordable housing (while unable to address the level of affordability or achieve the new governance structure it had sought), does not necessarily reflect the full spectrum of local opinion.

That's important because plans for a giant new tower (or towers) at Site 5 (a development parcel catercorner to the Barclays Center), expected to be proposed by developer Greenland Forest City Partners, were not fully addressed at the Crossroads series.

While participants generally supported more deeply affordable housing, they didn't address the tradeoffs: should the developer get the bulk it seeks, even if that's 50% more than the already large 80 Flatbush project (which exceeded the bulk in the Downtown Brooklyn rezoning), as long as more affordable units are included?

In late April, Jon Crow, a representative of the Brooklyn Bear's Pacific Street Garden, sent a letter on behalf of garden members (bottom) to Michelle de La Uz of the Fifth Avenue Committee, who has played a key role in BrooklynSpeaks, making several requests, notably seeking limits on the scale of the proposed two-tower project.

The letter was shared with some elected officials and others active in the Crossroads effort. They could have input, if not definitive influence, when the proposal to shift the bulk goes through public hearings and, likely, approval by the gubernatorially controlled Empire State Development (ESD), the state authority that oversees/shepherds the project.

Indeed, the 80 Flatbush site, like Site 5, both borders major streets/avenues, while also bordering a row-house block. Ultimately, that two-tower project, with the taller tower 840 feet, was approved with a Floor Area Ration (FAR) of 15.75, far bulkier than what was permitted in the Downtown Brooklyn rezoning, with the justification being affordable housing and new schools.

FAR is a common measure of bulk as a multiple of the underlying parcel. The Site 5 project, at least as presented in 2016, would have an FAR of 23.5, nearly double that of the Downtown Brooklyn rezoning, and about 50% more than 80 Flatbush.

What the letter doesn't mention is that organization de la Uz heads, the Fifth Avenue Committee, partnered with the developer on 80 Flatbush, both furthering its mission to develop affordable housing and, of course, ensure revenue and institutional viability. So the implication is that BrooklynSpeaks might push for a similar deal.