Stay lifted on condemnation of P.C. Richard suggests movement on plans to shift bulk from unbuilt "Miss Brooklyn" across Flatbush Ave. to enable larger towers
A legal document made public yesterday suggests a step forward in the process to enable the construction of a giant two-tower project at Site 5, catercorner to the Barclays Center and longtime home to Modell's and P.C. Richard.
When New York State's Empire State Development (aka Urban Development Corporation) moved to condemn the property, P.C. Richard sued to block that, asking for a stay until its dispute with Forest City is resolved.
Modell's, a tenant of original Atlantic Yards developer Forest City Ratner (since absorbed by Brookfield), has closed, but P.C. Richard--which owns its property at the site--continues.
The dispute: the appliance retailer won a lower court ruling, which the defendant appealed, ordering that the Site 5 developer include a space for a P.C. Richard store in the future building.
The condemnation was stayed, pending that Forest City/Brookfield appeal, but the new agreement, between P.C. Richard and ESD, lifts that stay.
That implies that either a ruling on the appeal is pending, and/or a settlement between P.C. Richard and Forest City is pending, unlocking a new phase in Atlantic Yards/Pacific Park. No other statement has been issued.
Shifting plans
While a building 250 feet tall, with 439,050 square feet was approved at Site 5, the developer (now Greenland Forest City Partners) wants to build a huge, two-tower project, shifting a significant amount of the bulk of the unbuilt B1 tower (aka "Miss Brooklyn," originally 620 feet, cut to 511 feet) planned for what is now the arena plaza, creating a much larger structure, more than 1.1 million square feet and perhaps 785 feet tall.
While a building 250 feet tall, with 439,050 square feet was approved at Site 5, the developer (now Greenland Forest City Partners) wants to build a huge, two-tower project, shifting a significant amount of the bulk of the unbuilt B1 tower (aka "Miss Brooklyn," originally 620 feet, cut to 511 feet) planned for what is now the arena plaza, creating a much larger structure, more than 1.1 million square feet and perhaps 785 feet tall.
Various scenarious were floated when the plan first surfaced in 2016, including residential, commercial, and hotel space, plus retail. Presumably the assumption have changed, and may change more.
What was once promoted as an iconic office tower might, in the time of WFH, be reconfigured--or not.
To shift the bulk, that would require a public process, including hearings and public comment, to change the project's guiding General Project Plan. That was supposed to start two years ago, but was delayed.
By shifting the bulk, the developer would not lose valuable buildable square footage--and arena operations would remain undisturbed.
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