Early this month, a 2,859-square-foot penthouse at 550 Vanderbilt Ave. in Prospect Heights — part of the Pacific Park megaproject near Barclays Center — hit the market for $6.86 million. If it sells for that price, it would handily squash the area’s existing $5.1 million condo record.Below, the rendering provided to the Post of the penthouse:
...“Brooklyn is a hot spot in general — it’s drawing the attention of a wider demographic looking for all types of housing, including luxury housing that they see in Manhattan,” says Jodi Stasse, the managing director at Corcoran Sunshine Marketing Group who’s overseeing sales efforts at 550 Vanderbilt.
...One [new product] is 550 Vanderbilt’s $6.86 million specimen, which came to market two weeks ago and has triple exposures and a 1,850-square-foot terrace. But its best feature, perhaps, is that’s it’s a relative bargain.
As Strasse says, “To find that in Manhattan, the [price] would be double.
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 owns 95% of future construction.