Skip to main content

NYTimes Styles section counts AY stall among symbols of city's lag

An article in the Sunday Styles section of the New York Times, headlined When the Action Moves On, tries to capture the zeitgeist in which New York, capital of money and fashion, is slipping, while the focus turns to Washington.

Some excerpts:
The result is that some New Yorkers feel that the city is losing, along with many jobs, its swagger and its sense of pre-eminence, which is no small matter in a town where many feel like it takes an outsize swagger to survive.

...The swift reversal of fortune feels even more painful for having come on the heels of one of the most colorful epochs in the city’s history, marked by a skyrocketing economy and an expanding global profile, by championship sports teams and hit television shows that sold the world a vision of life in New York as the Emerald City.


AY as symbol

As with stories in this section, a string of factoids is strung together without much analysis:
A few years back, when everyone seemed flush, even those who never received a seven-figure bonus enjoyed the ride because success is infectious...

Todd Rosenberg, an animator who lives in Brooklyn, said that he finds himself sharing in the psychic pain of the city when neighborhood businesses go into their death throes...

Also being shed are some of those colorful and slightly absurd microindustries — de-cluttering consultants, aroma therapy for pets — that sprouted in recent years by catering to the well-heeled...

Massive development projects like Brooklyn’s Atlantic Yards, with its planned Frank Gehry-designed sports arena and 60-story skyscraper, appear stalled. There’s no sign the New Jersey Nets will be moving to the borough any time soon.

“I think the city that never sleeps definitely needs a nap,” Michael J. Petruzzello, a prominent Washington public relations consultant, said in an e-mail message. “Washington, not Wall Street, is where all the action is right now. We have the money, power and the celebrities. We own all of the banks and financial giants. The Obamas are the hottest power couple on the planet.”

(Emphasis added)

OK, but the real estate industry, though connected to Wall Street and its cascading wealth, is a product of other factors, like the push from the mayoral administration, and Atlantic Yards is stalled not merely because of economics but because it prompted serious resistance. And demolitions for Atlantic Yards, as part of a project ostensibly to remove blight, have created blight where there was none before.

While I don't doubt a new local sports team could gain a following, especially with p.r. and press support, I haven't seen signs many Brooklynites are hankering for the Nets; the few times I've watched their games on TVs in local sports bars close to the AY site the response has been indifferent.

Oh, and the Times writer should've checked with someone in the Metro section. That 60-story skyscraper, at last notice, was to be 511 feet, though it's on indefinite hold until an anchor tenant could be found. And the market for office jobs was bogus from the start.

Comments

  1. Isn't this typical of the Times, especially in their Sunday Style or Sunday Real Estate section, to glorify the wealth that many New Yorkers gained in the past few years, or to glorify the aggrandizement of the development industry, and then claim this as proof that the city is successful. It is a vision that avoids the strains that this development placed on many working people whose income did not increase, or the discomfort the new buildings put on people who were harassed or inconvenienced by the excessive growth.

    ReplyDelete

Post a Comment

Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website Matzav.com explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…

Atlanta's Atlantic Yards moves ahead

First mentioned in April, the Atlantic Yards project in Atlanta is moving ahead--and has the potential to nudge Atlantic Yards in Brooklyn further down in Google searches.

According to a 5/30/17 press release, Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards:
Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announced a joint venture on behalf of one of Invesco Real Estate’s institutional clients to develop two progressive office projects in Atlanta totalling 700,000 square feet. T3 West Midtown will be a 200,000-square-foot heavy timber office development and Atlantic Yards will consist of 500,000 square feet of progressive office space in two buildings. Both projects are located on sites within Atlantic Station in the flourishing Midtown submarket.
Hines will work with Hartshorne Plunkard Architecture (HPA) as the design architect for both T3 West Midtown and Atlantic Yards. DLR Group will be t…

Forest City acknowledges unspecified delays in Pacific Park, cites $300 million "impairment" in project value; what about affordable housing pledge?

Updated Monday Nov. 7 am: Note follow-up coverage of stock price drop and investor conference call and pending questions.

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…

Not quite the pattern: Greenland selling development sites, not completed condos

Real Estate Weekly, reporting on trends in Chinese investment in New York City, on 11/18/15 quoted Jim Costello, a senior vice president at research firm Real Capital Analytics:
“They’re typically building high-end condos, build it and sell it. Capital return is in a few years. That’s something that is ingrained in the companies that have been coming here because that’s how they’ve grown in the last 35 years. It’s always been a development game for them. So they’re just repeating their business model here,” he said. When I read that last November, I didn't think it necessarily applied to Atlantic Yards/Pacific Park, now 70% owned (outside of the Barclays Center and B2 modular apartment tower), by the Greenland Group, owned significantly by the Shanghai government.
A majority of the buildings will be rentals, some 100% market, some 100% affordable, and several--the last several built--are supposed to be 50% market/50% subsidized. (See tentative timetable below.)

Selling development …

For Atlantic Yards Quality of Life meeting Sept. 19, another bare-bones agenda (green wall?)

A message from Empire State Development (ESD) reminds us that the next Atlantic Yards/Pacific Park Quality of Life Meeting--which aims to update community members on construction and other issues--will be held:
Tuesday, September 19, 2017 @ 6 pm
Shirley Chisholm State Office Building
55 Hanson Place
1st Floor Conference Room
Brooklyn, NY 11217 The typically bare-bones, agenda, below, tells us nothing about the content of the presentation. One thing to look for is any hint of plans to start a new building on the southeast block of the project by the end of the year.

If not, ESD is supposed to re-evaluate a longstanding request from project neighbors to move back a giant wall encroaching on part of Dean Street between Carlton and Vanderbilt avenues. It's said to enclose construction activity, but, in recent months, has significantly served to protect worker parking.

Also, by the way, if you search for Atlantic Yards on Google or the ESD website, it leads to this page for the Atlantic Ya…