I commend architect Frank Gehry for trying to make buildings wiggle like fish in developer Bruce Ratner’s arena/office/housing mega-complex. However, how many times have we seen renowned architects come up with early innovative designs for projects needing zoning and other approvals and than see those designs fade with the stamp of approval?Of course Gehry's now gone, with the arena designed by sports specialist Ellerbe Becket (with a skin by buzzy firm SHoP), and the towers designed by SHoP and other architects yet to be named.
...But even if we were to accept these architectural promises at face value, would they be so great anyway? Isn’t this Gehry project simply putting a slippery skin on what is really at heart a dehumanizing Modernist series of super blocks? Maybe what we need are not whales or sharks (eminent domain) but rather smaller fish that have some respect for the coral of Brooklyn. That’s what Gehry should work on.
Pacific Park Brooklyn is seriously delayed, Forest City Realty Trust said yesterday in a news release, which further acknowledged that the project has caused a $300 million impairment, or write-down of the asset, as the expected revenues no longer exceed the carrying cost.
The Cleveland-based developer, parent of Brooklyn-based Forest City Ratner, which is a 30% investor in Pacific Park along with 70% partner/overseer Greenland USA, blamed the "significant impairment" on an oversupply of market-rate apartments, the uncertain fate of the 421-a tax break, and a continued increase in construction costs.
While the delay essentially confirms the obvious, given that two major buildings have not launched despite plans to do so, it raises significant questions about the future of the project, including:
if market-rate construction is delayed, will the affordable h…