This watchdog blog, by journalist Norman Oder, covers the project to build the Barclays Center arena and 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 Shanghai-based Greenland USA took a majority share. Forest City left in 2018. Eight towers and the arena have been built. After a stall, Cirrus and LCOR in 2025 took over as master developers. A plan to complete the project is pending.
Developers' Affordable Housing Rhetoric Suggests Low-Income Units Not a Priority (link)
Promised faster buildout would dampen increases in base rents, but skyrocketing Area Median Income has taken its toll. Lowest 1-BR rent: $2,430? Most "affordable" households earning $100K+?
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