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Atlantic Yards/Pacific Park graphic: what's built/what's coming + project FAQ (pinned post)

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With first of three penthouses sold, at ≈15% discount off initial price, 550 Vanderbilt approaches sell-through; building's huge 421-a discount could save owners $50M

Well, 550 Vanderbilt --the only condo building in Atlantic Yards/Pacific Park--is getting closer to a sell-through, with a $5.85 million sale of its second most expensive unit, the first of three penthouses to find a buyer.  That leaves two more penthouses, plus another large apartment, to sell out the 278-unit building, which began sales in 2015 and opened two years later. While PHW may seem to have sold for just 2.4% off the $5.995 million listing price, as suggested in the screenshot from StreetEasy, a look at the most recent amendment to the offering plan (below right), shows that the original offering price was $6.86 million. So the sale price represents a 14.7% discount. Other units Note that PHS was once listed at $7.715 million, the offering price, but has been more recently been put up for rent. PHE was once listed at $5 million, a 13.9% discount off the $5.805 million offering price, but has more recently been put up for rent. As shown in the screenshot, the 19th Amendment

Barclays Center releases December 2021 event calendar: 12 events, mostly Nets games

The Barclays Center has released its December 2021 calendar of events: eight Brooklyn Nets games, two concerts, one college basketball event (four games in a day), and one comedy show. Those 12 events contrast with the 19 announced events in December 2019, listed at bottom. The Strokes are again playing a New Year's Eve show. Note that a scheduled Genesis concert was canceled, as the band in October had to cancel UK tour dates because of COVID-19. The announcement noted that "there will be amplified sound on the Plaza associated with" the Nets game tomorrow, with doors opening at 6 pm. The arena announcement contained a remainder that they are still hiring vaccinated individuals for a variety of jobs, with a special employee sweepstakes--with cash and other prizes--for all non-management staff, ending Dec. 31, 2021. December 2019 Below is the calendar for December 2019, which had more concerts and college basketball, and fewer Nets games. Public events, or not A few o

Another holy grail (and slippery rhetoric): architectural firm SHoP (which designed B2) now claims to have reinvented modular construction with Assembly OSM

The modular holy grail contains to recur, this time from SHoP, the architectural firm hired to design the only Atlantic Yards/Pacific Park modular tower, 461 Dean St. (aka B2), which has founded a new company, Assembly OSM . Consider SHoP founders take next leap in modular construction , published by the industry-friendly Real Estate Weekly 10/26/21: SHoP architecture founders Bill and Chris Sharples have unveiled the first apartment unit built by their next generation modular construction company, Assembly OSM. The one-bedroom unit has been built using digital design technology combined with advanced manufacturing techniques developed in collaboration with auto and aerospace engineers with decades of leadership experience at Boeing, SpaceX and Tesla. Assembly OSM says it is reinventing the construction of mid-to-high-rise buildings with its digitally-led design and fabrication approach to 10-30 story building construction. Note that the specs for for the auto and aerospace industry

Slideshow from most recent Quality of Life meeting shows rising B12/B13 towers. Notes from this and previous meeting still not posted.

Two weeks after the 11/16/21 Atlantic Yards/Pacific Park Quality of Life meeting (my coverage here ), Empire State Development still hasn't posted notes from that meeting. Ok, maybe that's not surprising. But there are some lingering questions--what about that episode of alleged harassment by a worker? what about the promised Times Plaza open space?--that might be answered in the notes. More surprising is that we still don't have notes from the previous meeting, held 9/14/21, though we were told the aim was to post them "shortly." Meanwhile, we do have the slide presentation from the most recent meeting. The most notable images--scroll down to pages 7 and 8--show the steadily rising towers at B12 and B13 (615 Dean St. and 595 Dean St.), which are expected to top out in December, at 28 and 23 stories , respectively.

That cute nickname, "The Clays," and the tainted name behind the Barclays Center (which may not last)

It's kinda cute, I guess, calling the Barclays Center "The Clays," a partial parallel to shorthanding Madison Square Garden as "The Garden" (which at least refers to an actual thing).  According to language maven Barry Popik , there were some fitful attempts to call it "Clays" or "The Clays" from the arena's 2012 debut, but the nickname was popularized by Brooklyn Nets star Kevin Durant on 10/22/21, in a post-game interview. “Next we got a young, athletic team in Charlotte coming to the ‘clays, so we gotta keep that intensity.” - @KDTrey5 — Nets Smoothies (@NetsSmoothies) October 23, 2021 Hey, KD's a trendsetter, he's cool. That was picked up by team owner  Joe Tsai , who also owns the arena operating company, and even the arena's own Twitter account.   BACK AT THE CLAYS😎 — Barclays Center (@barclayscenter) November 16, 2021 It's been mentioned by NetsDaily , the New York Daily News , and the Ta

The Boston Celtics' Enes Kanter takes on the NBA and Nike re China, then Brooklyn Nets owner Joe Tsai

NBA AND NIKE CHOOSE SILENCE AS ENES KANTER TAKES ON CHINA , Sportico reported 10/29/21: Last week [Boston Celtics center Enes] Kanter posted a series of videos on Twitter where he called Chinese President Xi Jinping a “brutal dictator,” and asked the Chinese government to free Tibet and close down “the slave labor camps and free the Uyghur people.” Kanter also took his messages onto the court via custom sneakers designed by Chinese activist-artist Badiucao. On Monday, Kanter was back on Twitter, this time accusing Nike for producing sneakers in labor camps. The next day, he invited Nike’s president Phil Knight and NBA legends Michael Jordan and Lebron James to visit the factories. Just as with then Houston Rockets GM Daryl Morey's 2019 tweet (since deleted) in support of pro-democracy protest in Hong Kong, Kanter's current team has faced a backlash, with games pulled from streaming in China. Notes Sportico: Born in Switzerland to Turkish parents, Kanter has been a vocal critic

Competence and transparency: when developer fails to disclose additional time for after-hours work, state authority ESD should catch that.

Sure, it may seem a small thing to harp on, but, as I wrote yesterday , the after-hours variance for work at the B12/B13 site today is from  9 am to 5:30 pm , as it has been for many weeks in the past, despite information to the contrary in the Construction Update.  See the screenshot at right for the variance, from the Department of Buildings (DOB), and the one below for the excerpt from the bi-weekly Construction Update , which is prepared by the developers and then circulated, apparently without vetting, by Empire State Development (ESD), the state authority that oversees/shepherds the project. It's a small difference, but not unimportant. And they know better, because I've pointed it out. (The developer of the site is TF Cornerstone.) Why it matters Why is it not unimportant? Because for months, as I wrote last February, master developer Greenland Forest City Partners had been preparing inaccurate Construction Updates, downplaying much more extensive after-hours work, and

AY down the memory hole: the Tish James summary (and how the next governor has both carrots and sticks regarding the project)

A young writer/organizer named Michael Lange has an interesting Substack newsletter, The Narrative Wars , with some deep dives, such as the 11/12/21 Tish James makes her move . Lange does good research, but isn't as surefooted as I'd like. He writes: Upon entering the council, James was eager to distinguish herself as a frequent critic of the Bloomberg administration, as she quickly cultivated a reputation as one of the body’s most outspoken members. During her first week in office, James inherited the Atlantic Yards development project, a.k.a. the Barclays Center, which consumed the lionshare of her work over the next decade. James emerged as one of the most vocal opponents of the project, vowing to fight eminent domain tooth and nail in court. However, the case was rejected at both the trial and appellate court levels, while the Supreme Court refused to even hear it, a dead-end for James’ efforts. Yet in recent years, James’ once steadfast opposition to Atlantic Yards has app