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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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From the latest Construction (non-) Update: nothing new, not even a document. But surely some work is being completed. And the school's still coming.

OK, every two weeks, Empire State Development (ESD), the state authority that oversees/shepherds Atlantic Yards/Pacific Park, is supposed to circulate to those on its mailing list a Construction Update that indicates construction activity--at least by the developers involved--at the site. Two weeks ago, oddly enough, ESD did not circulate the document but rather posted it online. There were seeming errors in it--phrasing that, despite all evidence to the contrary, suggested that some work that's part of platform construction was imminent--so it seemed careless. Similarly, the document continued to say, despite clear evidence (via the Department of Buildings) to the contrary, that after-hours work was continuing at the 595 Dean (B12/B13) site. As I wrote, no one proofreads the documents. Such documents have traditionally been prepared by the master developer, now Greenland Forest City Partners. But it's possible that the document is updated with the participation of TF Cornerst

In latest Forbes Global 2000, Greenland Holdings, parent of Atlantic Yards developer, downgraded to 831, from 415. That does not suggest deep pockets.

The 2023 Forbes Global 2000 is out, ranking companies on four metrics: sales, profits, assets and market value. (The better known Fortune Global 500 only looks at revenue.) It's not looking good for Greenland Holdings Group (aka Greenland Holdings Corp.), the Shanghai-based parent of Greenland USA, the Atlantic Yards/Pacific Park master developer. Forbes has downgraded Greenland to 831 on the list, a precipitous drop from the 2022 rank of 415. That itself was the reversal of a trend, since Greenland had reached 307 in 2020, then dropped to 372 in 2021. Notably, revenue has fallen some 25%, from $84.5 billion to $63.3 billion; assets have diminished from $215.8 billion to to $190.4 billion, perhaps due to sell-offs; and profits, already rather slim at $2.2 billion last year, are almost minuscule, cut to $299.4 million. No wonder the stock price is down , as is its credit rating. Market cap declines, too Also of note: though it's not in the screenshot above, Forbes' ranki

WSJ: yes, there's a market for cities, outside office buildings. That helps Atlantic Yards/Pacific Park, but there are other headwinds.

American Cities Are Starting to Thrive Again. Just Not Near Office Buildings. , the Wall Street Journal reported 5/30/23: The pandemic and remote work have done little to dent the overall appeal of cities such as New York, Chicago and Los Angeles, foot-traffic and rent data show. Instead, the pandemic has shifted the urban center of gravity, moving away from often sterile office districts to neighborhoods with apartments, bars and restaurants. "We're now back to what cities really are—they're not containers for working," said Richard Florida, a specialist in city planning at the University of Toronto. "They're places for people to live and connect with others." So--and this observation isn't new--that's ultimately a vote of confidence for residential developments like Atlantic Yards/Pacific Park, which offer access to urban amenities. The caveats on that are the upfront cost of the platform, needed for six approved towers; the pending fines of $2

OK, the Barclays Center is selling tickets (starting at $80) for the NBA Draft on June 22

When I wrote last week about the Barclays Center's June 2023 event calendar, as circulated to neighbors, I noted that they omitted the NBA Draft, scheduled for Thursday, June 2022 and held annually (for a while) at the arena. I also queried an arena rep about the omission, but didn't get a response. I noted that the NBA was already selling premium "experiences," with seats close in, though the past pattern was to sell upper bowl seats as well. Well, it turns out, Barclays is selling upper tickets to the (more or less) hoi polloi, at least those willing to pony up nearly $80 or more for an upper bowl seat. Ticket sales start at 10 am today. As shown in the image below, only selected sections of the arena, mostly facing the stage, are for sale.

The southeast block now has four towers. The views from the south and from the north differ greatly, and that's without the towers planned over the railyard.

The southeast block of the Atlantic Yards/Pacific Park project has been built out, with four towers. It looks very different from the south and from the north--by design, as the project's Design Guidelines set out , among other goals, to"[r]educe building scale as the project meets Dean Street." The relatively lower-rise street walls along Dean Street, are supposed to harmonize--or, at least, not clash too much--with the lower-rise buildings across the street, which are not part of the project.  The base heights for the interior towers at 595 Dean, aka B12 & B13, range from 86' to 100', while the tower at 550 Vanderbilt, aka B11, has a base height of 86' but with a street wall of 60', leading to a small setback, and the tower at 535 Carlton, aka B14, has similar  dimensions  (though the base height is 85'4") After that, all portions of the building taller than the maximum building base height must be set back  55 to 60 feet from that base. V

At East Tower of 595 Dean, lobby-plus-canopy serves... Chelsea Piers, not residential tenants.

There's a prominent and impressive lobby-plus-canopy at the East Tower of the two-tower 595 Dean complex. It just happens to support the Chelsea Piers fitness center, not the building's residents. As I wrote in April, while in an alternative plan for the complex it might've been plausible to demarcate the building's entry with a canopy, in this case the interests of the commercial tenant take precedence. And that was a giveaway from the public authority, Empire State Development, that has the contradictory role of overseeing and shepherding the project. Photos by Norman Oder, June 1  

Next Saturday, "Brooklyn Dreams," an artist's walk around the Atlantic Yards footprint

An announcement for “Brooklyn Dreams," performance work by Elaine Angelopoulos : “Brooklyn Dreams” recounts the saga of how political and urban development decisions affect each individual life on multiple levels of their daily reality. Angelopoulos will emulate the appearance of a construction worker while singing song ballads and reciting accounts of the affects of urban renewal from conversations recorded 10 years ago. As a performance that roams, Flaneur Angelopoulos will be singing while guiding the audience in a walk around the Atlantic Yards foot print, now in a neighborhood identified as “Pacific Park”. Saturday, June 10th, 2023 3:30 pm - 5:30 pm (rain date: Saturday, June 17, 2023) We will gather at the Ursula Von Rydingsvard sculpture “Ona” near the intersection of Flatbush and Atlantic Avenues in Brooklyn, beginning at 3:30pm. The performance will begin at 3:45 pm. The duration is 90 minutes followed by a Q/A at the tip of the Barclay’s Stadium footprint. Performance Ro