If Brookfield, which bought out Forest City, no longer actively claims Pacific Park, what remaining stake does it have in the future project? "Nominal," says a rep.

From Brookfield web site, 2023

If you search "Brooklyn" on the website for Brookfield Properties, the results, at right, deliver nine properties, including several at Brooklyn Commons, formerly known as MetroTech.

Absent, however, is any part of Pacific Park Brooklyn.

That's been the case for a while, though I'm not sure how long, which raises the question: is Brookfield still involved?

Flashback, 2018

In December 2018, after Brookfield Properties had absorbed Forest City Realty Trust, parent of the original Atlantic Yards/Pacific Park developer, I wrote that Brookfield seemed a little overoptimistic about the project, stating, prematurely, that, "Multiple residential building components are under construction."

As of then, Brookfield owned 30% of two rental towels, the "100% affordable" 535 Carlton and 38 Sixth, plus a 30% share of the remaining unsold condo units in 550 Vanderbilt, all built as part of a 30/70 joint venture between original developer Forest City and Greenland USA. 

From Brookfield web site, 2018

Given a restructuring that left Forest City with 5% share of assets and expenses in the project going forward, Brookfield then took on that share.

And since then

Since then, the two rental buildings built by the joint venture (Forest City 30% & Greenland USA 70%), 535 Carlton Avenue and 38 Sixth Avenue, were sold to Avanath last year, and the condo building this year finally sold through. (Before the Brookfield transaction, Forest City had already sold the first rental tower, 461 Dean, aka B2, to Principal Global Investors.)

So Brookfield doesn't have much to monetize. Is it even involved?

"Brookfield still has a nominal interest in Pacific Park," spokesman Andrew Brent said in response to my query.

He would not clarify whether the 5% ratio continued. It's not out of the question that the agreement has been further restructured.

So this question, and plans contemplated by Greenland, should be answered in the delayed report, requested by the Atlantic Yards Community Development Corporation, on the project's fiscal feasibility. That was supposed to be delivered in early October, but it's been delayed, with no target date.