I have an article in The Real Deal today headlined Why nothing ever gets built on this Pacific Park site, with the subhed "Future tower opposite Barclays Center delayed by dispute over P.C. Richard space."
The gist is that the condemnation of Site 5 announced in November has not moved forward not simply because eminent domain takes a while, but because P.C. Richard has resisted, saying it first wants the resolution of its claim that it deserves retailer 30,000 square feet of replacement space in the new building at Site 5.
Another tidbit: in a 2017 deposition, MaryAnne Gilmartin, then CEO of Forest City Ratner, indicated reluctance to build affordable housing as a concession to the plan to move the bulk of the unbuilt B1 tower across Flatbush Avenue to Site 5.
For the (paywalled, it seems) article, click here.
The gist is that the condemnation of Site 5 announced in November has not moved forward not simply because eminent domain takes a while, but because P.C. Richard has resisted, saying it first wants the resolution of its claim that it deserves retailer 30,000 square feet of replacement space in the new building at Site 5.
Another tidbit: in a 2017 deposition, MaryAnne Gilmartin, then CEO of Forest City Ratner, indicated reluctance to build affordable housing as a concession to the plan to move the bulk of the unbuilt B1 tower across Flatbush Avenue to Site 5.
For the (paywalled, it seems) article, click here.
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