Monday, August 25, 2014

From Forest City's latest investor presentation: Atlantic Yards becomes Pacific Park (gif), office space still ignored

First, a gif chronicling the morphing of the Atlantic Yards plan to Pacific Park, according to slides from Forest City Enterprises investor presentations December 2013, February 2014, and August 2014.

Note how only in the latest slide, announcing Pacific Park Brooklyn, highlights "8 acres of landscaped open space." That open space became much more important with the name change.

(Also note how the outlines of all the towers are irregular, unlike in the site plan released with the Pacific Park rebranding.)
Atlantic Yards to Pacific Park Brooklyn on Make A Gif



From the latest  Investor Presentation

The below slides are from the August 2014 Investor Presentation, as disclosed to the SEC.


Note that the project plan, as in previous iterations, does not mention the promised office space, source of the largest share of projected full-time jobs.



Brooklyn is a big part of Forest City Enterprises' business.



The Barclays Center is now the "anchor of our Pacific Park Brooklyn mixed-use project."

There's no mention of the fact that B2 has been delayed a year and was supposed to open in December 2014. Or that the next towers in the project would be built via conventional means.


No comments:

Post a Comment