Atlantic Yards/Pacific Park Report

Studio Pilates. Photos: Norman Oder One of the remaining two retail spaces at the 535 Carlton Avenue tower (B14) has been filled, while another--probably the worst located, at least for now--is still seeking a tenant. Studio Pilates International Prospect Heights opened a few weeks ago, according to Google reviews .  The space has an entrance on Carlton Avenue north of the corner of Dean Street and BKLYN Clay. The residential entrance is beyond that. That means that 535 Carlton now has three tenants, as the home furnishings and accessories store A. Mano (previously Cain Sloan) opened in November 2021 in a space at the east end of the building along Dean Street, flanking the "Pacific Park" open space. Retail space along Carlton Ave. at Pacific Street BKLYN Clay opened around October 2018, occupying the largest of the four retail spaces . Remaining space One small space remains, 689 square feet, according to broker Ripco, which cites 29 feet, 9 inches on Carlton Avenue for ret

The Barclays Center on Monday circulated its May 2024 event calendar, with just eight ticketed events: three concerts and five WNBA New York Liberty games. Also listed on the May Community Notice below is third annual free AAPI Night Market, from 6-9 pm on Monday, May 13. (The arena website says 6:30 pm). "Celebrate the Asian American and Pacific Islander community with complimentary food from local vendors, music by Barclays Center’s own DJay Jung, performances & more." Click here to RSVP . As in previous months of May, they had to leave some dates open to accommodate a potential playoff run for the Brooklyn Nets, but the Nets didn't even make the playoffs. Graduation ceremonies While last year the arena has returned to listing, at least in the calendar shared with the community, non-public events like graduation ceremonies, this year it did not. I pieced a list together, with five events this month, and two for June. (This may not be comprehensive.) The information

View south from Vanderbilt Ave.; Beer Street  South at corner, space for lease at right past car Retail space at 550 Vanderbilt once used as a construction field office and community liaison office is finally up for rent--though it may not be easy to find a tenant.. That's another sign that former tenant Greenland USA is not expecting to soon work on anything related to the Vanderbilt Yard, including a platform and new construction. To recap: in January, I reported  that Greenland Forest City Partners, which built the 550 Vanderbilt condo tower as a 70/30 joint venture, had finally sold the three retail condos--one subdivided--at the base of the building The price: $5.8 million, well below the aspirational $10.5 million value signaled in the offering plan. View west along Pacific St. (Photos: Norman Oder) Two of the condos remain occupied by three tenants, with leases until August 2028 at the earliest. Ending one lease The sole retail unit accessible not directly from Vanderbilt Av

Photos: Norman Oder Well after the corner retail space at 38 Sixth Avenue along Dean Street was vacated by construction crews working on nearby towers, that space has been leased to the Heart of Chelsea Veterinary Group, which currently has locations in Chelsea, the Lower East Side, Hell's Kitchen, and Park Slope. Signage went up in the past week week after workers were observed prepping the interior. A few years ago, the retail broker Ripco advertised 3,533 square feet for RETAIL/RESTAURANT (marketing brochure, bottom), omitting the L-shaped space at the corner. More recently, in the other marketing brochure (also below), it pitched 3,393 square feet for retail, restaurant, fitness, or medical use, as a discrete L-shape, but omitting a segment closest to the Barclays Center loading dock. The signage for Heart of Chelsea wraps all the way around the building, as shown at right, so it's not clear if they're leasing even more space, or if there's some internal space omit

Weekly Digest #19: New Tax Break Limits Un-"Affordable" Rents ( link )

The foreclosure auction of developer Greenland USA's rights to six development sites over the Vanderbilt Yard, originally  announced for Jan. 11,  postponed until Feb. 12, and  then to  April 30, has been postponed again, until June 5, according to a representative of the developer. The postponement seemed inevitable once we learned, at the April 18 meeting of the Atlantic Yards Community Development Corporation, that state officials had no expectation that the foreclosure auction of would proceed, as the entity controlling the debt had not presented a potential developer to them. In 2014-15, a Greenland affiliate borrowed $249 million and then $100 million in two low-interest loans, under the EB-5 investor visa program, with $500,000 investments from Chinese nationals organized by the U.S. Immigration Fund, a "regional center" or middleman.  About $63 million of the first loan has been paid back, but the rest has languished past the due date, and a USIF entity, which

As predicted, a Life Time fitness center, a "crazy luxe" gym (or a self-described "athletic country club" ), and the associated Life Cafe opened last Friday, April 19 at the base of 18 Sixth Avenue (B4, aka Brooklyn Crossing), and rising three floors. From Atlantic & Sixth. Photos: Norman Oder The Life Time Atlantic Avenue club is  open  5 am to 11 pm weekdays, 7 am to 10 pm weekends. Memberships  start at  $299 a month, but $269 for those 26 and under and those 65 or older. (Chelsea Piers, two long blocks away, doesn't publicly post its rates, but one Redditor reported $219/month. There are discounts for people living at 595 Dean above that club.) Liquor license pending The Life Cafe has applied for a license from the State Liquor Authority to serve wine, beer, and cider, according to a notice in the window.  According to Community Board 2, the cafe qualified for an automatic waiver last month, under our definition of an "Umbrella Operator," an