So, new 550 Vanderbilt broker Ryan Serhant of Nest Seekers International writes on Facebook: Introducing the first large scale rendering of Pacific Park Brooklyn. Master plan by Frank Gehry. Developed by Greenland Forest City. 22 acres from Barclays Center to my new project, 550 Vanderbilt. 8 acres of park space. Brooklyn's newest neighborhood. Incredible. Awe-inspiring. Email 550V@nestseekers.com for more information on this once-in-a-generation opportunity. The rendering is pretty impressive, at least for density lovers. (There's no credit on the rendering; multiple architects have been working on various buildings, and no firm oversees the latest iteration of the master plan.) But a good deal is missing. What about that "park"? That "park space"--actually, publicly accessible, privately managed open space--isn't so visible. What happened to what Forest City said in June 2015? As quoted in the Daily News: “The park will make this ...
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 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 USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.