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Atlantic Yards/Pacific Park graphic: what's built/what's coming + FAQ (pinned post)

So how much does Brodsky own in the "accelerated" (not quite) B4 tower? Not a majority.

This is the second of ten articles on the 5/7/19 Quality of Life meeting. The first concerned the project schedule. The third concerned noisy weekend construction. The fourth concerned opacity in the Barclays Center calendars. The fifth concerned illegal parking during arena events. The sixth concerned traffic issues. The seventh concerned oversight. The eighth concerned the Community Liaison Office. The ninth concerned the developer's update. The tenth concerned the Atlantic Yards Community Development Corporation.

One question I had before the meeting was whether The Brodsky Organization, which bought development rights to the B15 site (664 Pacific) and a share of the B4 site (18 Sixth), would be present at the meeting.

If they had a representative there, the rep wasn't introduced, as Executive VP Scott Solish of Greenland USA, which owned 95% of Greenland Forest City Partners going forward (now minus the shares of four development sites), served as the sole developer representative.

How much does Brodsky own?

Solish did clarify Brodsky's role in B4. As the New York Post initially mis-reported in a spoon-fed scoop last month:
Greenland Forest City [sic] executive vice-president Scott Solish told The Post that Brodsky is “doing 18 Sixth Avenue 664 Pacific on their own but within the framework of the project’s master plan.”
Actually, Brodsky bought a piece of the B4 tower though it is managing development, according to the Post.

Tobi Jaiyesimi, Atlantic Yards project director for Empire State Development, the state authority overseeing and shepherding the project, said she didn't know.

"Greenland's the majority partner," Solish said, though he didn't offer a percentage. As I wrote, not until we see the price, if at all, do we know if Greenland was making the deal from strength or weakness.

Accelerating progress?

Note that, while 18 Sixth is merely proceeding on the previously announced schedule, Solish's press release claim last month that "we accelerate development at Pacific Park" was translated, in several media outlets, as accelerating progress.

The press release "deck" stating "Joint venture breaks ground on Pacific Park’s most ambitious tower to deliver 258 units of affordable housing" emphasized the affordable units, of course, rather than the 601 units of market-rate housing.

Also note that, while the press release referred to "Pacific Park, the new 22-acre mixed-use neighborhood in the heart of Brooklyn," at the meeting Tuesday Solish, acknowledging reality, referred to the neighborhood--from which residents cited construction impacts--as "Prospect Heights/Pacific Park."

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