From Bisnow, THE 10 BIGGEST NYC REAL ESTATE STORIES OF 2016:
9. Brooklyn's Continued AscentWell, though "washing its hands" hints that things didn't go all that well with Forest City's claim to have "cracked the code" regarding high-rise modular construction, the building is hardly a milestone--unless "unprecedented" means "things went badly."
Every year feels like a milestone for a borough seeing unprecedented development and investment. This one had a lot. Forest City Ratner opened 461 Dean St, its modular tower in Pacific Park next to Barclays Center, after washing its hands of its nascent modular construction company....
461 Dean took nearly twice as long as promised, experienced leaks and mold, lost money for its developer, and faces continuing litigation. The building has "opened" but by no means has moved a large fraction of residents in. The sticker price on at least one market-rate unit is below that on "affordable" units in a separate Pacific Park tower.