This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.
Weekly Digest: Uncovering Negotiations over the Project's Future. Stay Tuned. (link)
Greenland USA sought to supersize project, adding nearly 2,700 apartments in six railyard towers, plus Site 5 opposite arena. Could expansion plan recur with successor, perhaps announced this week?
Comments
Post a Comment