Though statements on LinkedIn profiles aren't definitive (see previous coverage of Equinox and the plans to finish the railyard and then build a platform), there are two intriguing factoids in the profile of Julian Souva, a Development Manager at Greenland USA.
First, Souza describes Pacific Park as an "$8 billion" development, including "15 mega high rise buildings and 9 acres of parkland."
That clearly includes exaggeration, but perhaps also some not-yet-articulated truth.
The towers are not "mega high rise," since they vary in height, as approved, from 184 to 620 feet, though the latter tower, approved as "Miss Brooklyn" (aka B1), won't be built, leaving the tallest tower currently approved at 511 feet (18 Sixth Avenue, aka B4).
Still, it's certainly possible that a much taller tower--once floated as 785 feet, but perhaps even taller--could be built at Site 5, pending a state approval process to change to the project's General Project Plan, allowing a shift in bulk from B1. Stay tuned.
Project cost $8 billion?
Would the project cost $8 billion?
That's never been stated publicly, but it's not implausible. As I wrote in 2016, the project price tag, initially $2.5 billion and long described as about $5 billion, had been described in a 9/16/14 press release issued by Greenland Holding Group, parent of Greenland USA, as involving a total investment of $6.6 billion.
Given that costs continue to rise, and the project, once projected to be done by 2025, could last until 2035, an $8 billion figure is not unreasonable. But it would be interesting to learn more.
"9 acres of parkland"?
Would the project include "9 acres of parkland"? Well, publicly accessible, privately managed open space does not equal publicly controlled parkland, despite several similarities.
But would the open space, initially 6 acres and then expanded to 8 acres, ultimately become 9 acres? Unclear. After all, the official project web site consistently advertises 8 acres. See below.
That said, there's surely a route to add another acre of open space, and position it as a giveback to the public: make some towers taller, thus occupying delivering the same (or more?) square footage on a smaller footprint. That's what happened with the Domino Sugar plan in Williamsburg.
Again, stay tuned.
First, Souza describes Pacific Park as an "$8 billion" development, including "15 mega high rise buildings and 9 acres of parkland."That clearly includes exaggeration, but perhaps also some not-yet-articulated truth.
The towers are not "mega high rise," since they vary in height, as approved, from 184 to 620 feet, though the latter tower, approved as "Miss Brooklyn" (aka B1), won't be built, leaving the tallest tower currently approved at 511 feet (18 Sixth Avenue, aka B4).
Still, it's certainly possible that a much taller tower--once floated as 785 feet, but perhaps even taller--could be built at Site 5, pending a state approval process to change to the project's General Project Plan, allowing a shift in bulk from B1. Stay tuned.
Project cost $8 billion?
Would the project cost $8 billion?
That's never been stated publicly, but it's not implausible. As I wrote in 2016, the project price tag, initially $2.5 billion and long described as about $5 billion, had been described in a 9/16/14 press release issued by Greenland Holding Group, parent of Greenland USA, as involving a total investment of $6.6 billion.
Given that costs continue to rise, and the project, once projected to be done by 2025, could last until 2035, an $8 billion figure is not unreasonable. But it would be interesting to learn more.
"9 acres of parkland"?
Would the project include "9 acres of parkland"? Well, publicly accessible, privately managed open space does not equal publicly controlled parkland, despite several similarities.
But would the open space, initially 6 acres and then expanded to 8 acres, ultimately become 9 acres? Unclear. After all, the official project web site consistently advertises 8 acres. See below.
That said, there's surely a route to add another acre of open space, and position it as a giveback to the public: make some towers taller, thus occupying delivering the same (or more?) square footage on a smaller footprint. That's what happened with the Domino Sugar plan in Williamsburg.
Again, stay tuned.
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