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Atlantic Yards/Pacific Park infographics: what's built/what's coming/what's missing, who's responsible, + project FAQ/timeline (pinned post)

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As the Barclays Center now promotes the WNBA's New York Liberty, synergy next door with Glowbar serving as Liberty's "Official Facial Studio"

It's New York Liberty season now, and the WNBA team is selling more tickets than ever So it stands to reason that the Barclays Center operating company, also owned by Liberty owners Joe and Clara Wu Tsai, would use its available canvas--including the wall of the arena's Dean Street entrance and the loading dock doors---to promote the Liberty. Photos by Norman Oder Below is a wider view, which takes in the 461 Dean tower at left and a piece of the 38 Sixth tower at right. Welcome, Glowbar Below, the photo shows that the facial chain Glowbar has opened on the Atlantic Avenue flank of 18 Sixth Ave. tower (B4, aka Brooklyn Crossing). When I first mentioned the chain's arrival, I suggested that perhaps some arenagoers might visit. In fact, Glowbar has announced itself as the "Official Facial Studio of the New York Liberty," as shown in the photo below. What does that mean? Well, according to an interview --part of a "partnership post"--with People Brands and

With new Brooklyn office buildings struggling to fill space (even with "HUGS"), that again suggests Site 5 project would be residential, not office.

Hey, remember when, eight years ago, a representative of joint venture Greenland Forest City Partners, justifying plans to move the bulk of the unbuilt "Miss Brooklyn" tower, once slated to loom over the arena, across Flatbush Avenue to create a giant two-tower project at Site 5, stated , "We think the time is right for the borough to have an iconic office building." Well, as one of the Atlantic Yards mantras goes, "Projects change, markets change." (Thanks, Jim Stuckey.) Given the pandemic and the shift to remote work, office space is less desirable, hence articles like Office Building Losses Start to Pile Up, and More Pain Is Expected Office Building Losses Start to Pile Up, and More Pain Is Expected , from the New York Times. And the market for office space, especially in Brooklyn, seems to be receding.  That means, at least in the near term, that the still-pending project at Site 5, which requires governmental action to unlock the new development righ

Same as it ever was: “That’s how you get [casino] projects done, right? You inflate the job prospects, you inflate the revenue.”

New York Magazine's May 28, 2024 feature  New Jackpot City  is well worth the read. Note the subheading, "Eleven rivals. Countless billions. One prize: the right to build a casino in the heart of New York." Noah Shachtman writes: The Encore [Boston Harbor], which is operated by Wynn [Resorts], is considered a relatively strong performer among recent big-city casino projects, not all of which have proved profitable. A recent report by researchers at the University of Massachusetts Amherst found that the site has generated nearly 10,000 jobs and is netting the state $1 billion a year in new economic activity. But Chicago’s casino experiment has been a disaster, pulling in less than half the revenue promised... In New York, Resorts World is one of three companies operating casinos upstate, and none of them have hit the revenue projections they initially promised. Several have renegotiated with the state to substantially cut their tax rates. One source with deep gaming-indust

For the fourth time, the foreclosure auction of six railyard development sites has been postponed, this time to July.

Yes, the foreclosure auction of developer Greenland USA's rights to six development sites (B5-B10) over the Metropolitan Transportation Authority's Vanderbilt Yard has been postponed, for the fourth time, this time to July.  (I didn't get a date yet, but will update when I know more.) That's according to a spokesman for the developer, which is not in charge of the auction. Rather, a representative of the lenders, controlled by the U.S. Immigration Fund--a "regional center" that recruited immigrant investors under the EB-5 program--initiated the foreclosure, announcing auction dates in January, February, April, and June.  The development rights, which encompass about 3.5 million square feet, served as collateral for the initial $249 million and $100 million loans. I had predicted that the auction would be postponed, because there's a lot of moving parts.  After a partial repayment, Greenland owes about $286 million to the investors, who invested in two tra

Barclays Center crows, per Billboard, it was the world's top-grossing venue in April. (Thank Nicki Minaj and Bad Bunny?) In 2022, it ranked twelfth, in 2023, tenth.

From Barclays Center Twitter/X The Barclays Center had a very good April, they tell us, tweeting yesterday that the arena was the top grossing venue in the world, according to Billboard, a publication that tracks concerts, family shows, and other events--but not pro sports. I'd be curious to see the actual numbers, because it didn't look like that busy a month--unless, maybe, they added May 1 to April, thus appending one of Nicki Minaj's two huge shows. As Billboard reported. in Nicki Minaj’s Pink Friday 2 World Tour Is Already the Highest Grossing Rap Tour for a Woman — and It Isn’t Over Yet , "Two nights at Brooklyn’s Barclays Center on April 4 and May 1 proved the biggest [on her tour], with $4.3 million and 28,100 tickets." The April calendar The April 2024 event calendar , as seen below, also featured three Bad Bunny concerts, which reportedly sold out. I think Billboard also counted the comedy show and WWE, since pro wrestling is as much entertainment as