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.
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Developer of "100% affordable" 535 Carlton now offers 1.5 free months on 2-BRs as incentive for middle-income units
Starting this past January, as I wrote, the developers of the "100% affordable" 535 Carlton--where some 95 (of 148) middle-income units were not taken in the lottery--began offering one month free on middle-income one- and two-bedroom units, officially renting for $2,680 and $3,223, respectively.
Guess what: now they're offering--as shown on StreetEasy and in the screenshots below--1.5 months free on two-bedroom units, so their "effective rent" is $2,820. The screenshot below shows net rent.
The screenshot below, showing a revised version of the listings, shows gross rent, though two-bedroom units each advertise 1.5 months free. The upward-facing arrows indicate an "increase" in rent back to the official rent, though the net rent remains the same.
One-bedroom units rent for an effective rent of $2,457, which is just one month free.