550 Vanderbilt still touting the (implied) presence of a "brand new park," though it may not be done until 2035

I dunno, I still find it stunning that, for at least four years, the developers of the 550 Vanderbilt condo building have, on their website, been implying that "Pacific Park" is somehow complete.

It's described as "A brand new park in the heart of Brooklyn with unparalleled services and amenities at your doorstep."

According to the Internet Archive's Wayback Machine, the web page was first captured 9/30/16, though it likely existed before then.

Of course that "park"--privately operated, publicly accessible open space--won't be delivered for years, not until the six towers over the railyard, which require an expensive deck, get built.

Meanwhile, there's fractional open space outside 550 Vanderbilt, which has been truncated to accommodate construction lasting three years, at the adjacent rental towers 595 Dean and 615 Dean, which include a below-grade fitness facility and fieldhouse.

Once those towers are done, the open space between 615 Dean and 550 Vanderbilt will be shared, but it still won't be close to a brand new park.

How exactly is this marketing permissible?

The 2015 disclosure: 2025

The advertising stands in stark contrast with the Special Risks section of the 2015 condo offering statement, which stated:

Sponsor makes no representation to Purchasers as to which phase or stage will or will not be started, completed or ongoing, or what other portions of Pacific Park Brooklyn will be available for use, at the time of the closing of any particular Residential Unit. 

The Condominium is part of the residential phase of development at Pacific Park Brooklyn. As of the filing date of this Plan, it is anticipated that the additional phases of development (each parcel subject to development being a "Development Site" and collectively the "Development Sites"), including the gradual expansion of the public park and its facilities over eight acres of land (the "Open Space"), will be completed by 2025. Purchasers are advised that the time required to complete a project of this magnitude may be extensive and completion of the improvements contemplated for Pacific Park Brooklyn and/or described in the Plan may be subject to circumstances beyond Sponsor's control.

The 2018 disclosure: 2035, maybe

In May 2018, however, an amendment to that offering statement stated that “the remaining buildings, and the balance of the public park, [are] projected to be completed in phases by 2035,” with even that deadline hedged.

And there are no penalties--other than losing the project, which would have already been abandoned--for not meeting that deadline.

In other words, there's no "brand new park."