Wednesday, November 26, 2014

Groundbreaking for 535 Carlton scheduled for December 15, likely before new AY CDC meets

From Curbed:
A December 15 groundbreaking date has been set for the next Pacific Park (nee Atlantic Yards) tower, 535 Carlton Avenue [at Dean Street]. The entity developing the COOKFOX-designed building is now calling itself Greenland Forest City Partners, as it's a partnership between Forest City and the Chinese investment group that bailed them out. 
Symbolism note: the groundbreaking--for a 100% "affordable" building--will likely occur before the first meeting of the new Atlantic Yards Community Development Corporation, which, we learned last week, is supposed to debut the week of December 15. I believe the meeting will be in the evening to allow for public attendance.

(In September, a state official said the goal was no later than December 15. Does that mean the meeting will be precisely that day?)

A groundbreaking does not mean actual construction, so the new AY CDC should be up and running before construction begins in earnest. Then again, disruptive construction activities have already begun, well before the AY CDC.

Also, a December groundbreaking is scheduled for 550 Vanderbilt, the condo tower at the southeast corner of the project site.

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