HOUSEWARMING: Melissa DeRosa, chief of staff to the governor, had a housewarming party in Brooklyn Heights this weekend, with husband Matt Wing, a former aide to the governor and Bill de Blasio, who now is the northeast spokesman for Uber. At their party were: Cuomo aide Alphonso David; Democratic spokeswoman Lis Smith; NY1 reporters Grace Rauh and Zack Fink; De Blasio aide Lincoln Restler; Cuomo press secretary Dani Lever; Ashley Cotton, a senior v.p. for Forest City Ratner and former Cuomo aide. Also, an attendee said “their new rooftop terrace … has a view of Joe Lhota’s rooftop.”
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…