According to a draft document obtained by this reporter, Forest City is considering a plan in which six of 14 residential towers contain exclusively market-rate towers (three rental, three condo). Of the remainder, two would be the just-announced 100 percent affordable rental buildings, five would follow the promised 50 percent affordable/50 percent market template for rentals, and one would mix condos and 50/50 rentals.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.