Skip to main content

Featured Post

Atlantic Yards/Pacific Park graphic: what's built/what's coming + FAQ (pinned post)

Atlantic Yards/Pacific Park timeline (updated: November 2018)

July 2003

Atlantic Yards project details leak out; article in Newark Star-Ledger newspaper. New Jersey Nets basketball team would move to Brooklyn as part of a larger mixed-use project

December 2003

Project officially announced by Forest City Ratner, with slogan “Jobs, Housing, and Hoops,” and designs by architect Frank Gehry. Brooklyn Borough President Marty Markowitz is host, at Brooklyn Borough Hall, with Mayor Mike Bloomberg present. New York Times architectural critic Herbert Muschamp is enthralled

January 2004

Investment group led by Bruce Ratner finalizes purchase of New Jersey Nets basketball team

February 2004

Project opponents organize as Develop Don’t Destroy Brooklyn (DDDB), hire attorney Norman Siegel

March 2004

First public meeting on Atlantic Yards plan, in Park Slope

Council Member Letitia James sponsors workshop to develop alternative plan for the railyard

May 2004

Forest City releases report on expected fiscal benefits to the city and state, by sports economist Andrew Zimbalist

New York City Council holds hearing on Atlantic Yards; James reveals alternative plan, known as UNITY plan

Forest City sends first mailer to residents promoting Atlantic Yards

In a front-page article, the Daily News reports that nearly all owners at the condo building 636 Pacific, except for activist Daniel Goldstein, have agreed to sell their apartments to Forest City

June 2004

Jung Kim and Gustav Peebles, an urban planner and an economic historian, respectively, issue a report that criticizes FCR consultant Andrew Zimbalist’s projections

October 2004

Forest City sends second mailer to residents promoting Atlantic Yards

November 2004

Three Community Boards (CBs 2, 6, and 8) hold informational meeting on the project

January 2005

Forest City reveals that planned office space around the arena would be swapped for condominiums

March 2005

New York City and New York State announce non-binding Memorandum of Understanding with Forest City, promise capital contributions and other assistance

The Pratt Institute Center for Community and Environmental Development (PICCED) issues an independent report (“Slam Dunk or Airball? A Preliminary Planning Analysis of the Brooklyn Atlantic Yards Project”) urging caution, and criticizing Zimbalist's economic estimates

May 2005

Forest City signs Affordable Housing Memorandum of Understanding with community group ACORN New York

Metropolitan Transportation Authority (MTA) announces Request for Proposals for Vanderbilt Yard development rights; DDDB tries to recruit a bidder to rival Forest City

New York City Council holds hearing on Atlantic Yards

June 2005

Zimbalist updates his report, estimating that potential project revenue would increase by nearly 50%, owing to additional housing

Forest City distributes the first issue of the Brooklyn Standard, a promotional publication

United States Supreme Court issues decision upholding eminent domain in Kelo vs. New London

Forest City signs Community Benefits Agreement with eight groups, including ACORN and BUILD

The New York City Economic Development Corporation (NYC EDC), in response to a Freedom of Information Act request from project opponents, releases a previously completed memo, “Estimated Fiscal Impacts of the Proposed Atlantic Yards Project,” which undercuts several of Zimbalist’s predictions

July 2005

New project designs by Gehry released, as part of a front-page New York Times article

Bids to MTA for Vanderbilt Yards released; rival Extell bids more cash ($150 million) than Forest City ($50 million); Forest City claims the overall value of its bid is greater

MTA committee meeting and full board meeting on Vanderbilt Yard; MTA agrees to renegotiate exclusively with Forest City

August 2005

Develop Don’t Destroy Brooklyn reveals second Memorandum of Understanding for the project, involving rights to build at Site 5, catercorner to arena block

September 2005

New York City Independent Budget Office releases analysis of the project, projecting a small surplus to the city

Forest City agrees to double its cash bid (to $100 million) for the Vanderbilt Yard; MTA approves deal, with one dissenter

Empire State Development Corporation (ESDC) release Draft Scope of Analysis, the first step in the environmental review process

Develop Don’t Destroy Brooklyn releases documents suggesting that leaders of community group BUILD (Brooklyn United for Innovative Local Development), a signatory to the Community Benefits Agreement, expect personal enrichment from the group’s contract with Forest City

October 2005

ESDC holds hearing soliciting comments on Draft Scope of Analysis

Mayoral challenger Freddy Ferrer emerges as belated opponent of Atlantic Yards; he is sabotaged by his ostensible supporter Al Sharpton; incumbent Mayor Mike Bloomberg cites Sharpton

BUILD is being paid to distribute the second issue of the developer's Brooklyn Standard, which is the last issue produced

A poll commissioned by the New York Observer and conducted by Pace University suggests that, in comparison with previous surveys, the tide has shifted, and a majority of New Yorkers favor the proposal

November 2005

Mike Bloomberg re-elected as city mayor

DDDB holds its first “Walk, Don’t Destroy” fundraiser

The Times publishes an editorial on the Atlantic Yards plan, criticizing the use of subsidies, but declaring that "the borough deserves a sports team, so long as the price is not too high."
December 2005

Forest City announces that it plans to demolish six buildings on the site, claiming structural damage; Develop Don't Destroy sues to block those demolitions

February 2006

State court judge upholds demolitions, disqualifies lawyer working for ESDC; that disqualification is later overturned

March 2006

ESDC releases Final Scope of Analysis, reveals modest reduction in project’s size

ACORN issues a report denouncing subsidized development of luxury housing in Brooklyn, and points to the Atlantic Yards project as an exception
May 2006

DDDB announces new advisory board, with celebrities and activists

New Gehry designs for project released

Brooklyn elected officials propose that the project be cut by one-third, in exchange for free rights to develop over the railyard and new subsidies

June 2006

Daniel Goldstein of DDDB is subject of an article claiming he made racially offensive statements in an email, using the term “wealthy white masters” regarding the developer’s relationship to community groups. Black leaders protest

Municipal Art Society (MAS), a citywide group focusing on planning and design, proposes that the project be revised, with a smaller scale, new streets, and open space that is not behind towers. The group does not oppose the arena

Nationally known community planner Ron Shiffman joins DDDB, protests project

July 2006

Forest City and ACORN schedule two public information sessions on affordable housing, draw thousands

DDDB holds rally at Grand Army Plaza in Brooklyn

ESDC adopts General Project Plan (GPP), including Blight Study and Design Guidelines. Releases Draft Environmental Impact Statement (DEIS)

August 2006

Three community boards hold separate hearings to gather comments on Atlantic Yards

ESDC holds epic public hearing on Atlantic Yards

September 2006

ESDC holds two community forums to gather further public comment

Forest City announces another small cut in project density, in a front-page New York Times article. New York City Planning Commission endorses that cut.

Municipal Art Society launches BrooklynSpeaks, new coalition to improve, not stop the project, in cooperation with several Brooklyn community groups

October 2006

DDDB announces eminent domain suit, in federal court, with attorney Matt Brinckerhoff

DDDB's second annual walkathon raises over $100,000 for lawsuits

November 2006

ESDC releases Final Environmental Impact Statement, including responses to comments

December 2006

MAS recruits two organization to warn about potential massive illuminated signage on “Miss Brooklyn” tower (B1) looming at Flatbush and Atlantic avenues

ESDC votes to approve Atlantic Yards Modified General Project Plan, estimating that full project will be finished in ten years, by 2016

Lowered expected tax revenues lead civic groups to ask Public Authorities Control Board (PACB) to not approve $100 million state contribution to the project, which would have killed the project

PACB approves project; Forest City reveals minor concessions; ESDC releases financial analysis of project from consultant KPMG

January 2007

Barclays is announced as naming rights sponsor for arena, which will be called Barclays Center

Mayoral budget adds $105 million of city funds to Atlantic Yards, on top of previous $100 million

February 2007

Project landscape architect Laurie Olin suggests that Atlantic Yards will take 20 years to build, and that Gehry will not design each building; Forest City says he’s wrong

First hearing in federal eminent domain case, before Magistrate Judge Robert Levy; he recommends to Judge Nicholas Garaufix that case be dismissed

Forest City begins demolition work at the Vanderbilt Yard

March 2007

Executives at Cleveland-based Forest City Enterprises, parent company of Forest City Ratner, acknowledge project will take longer than expected

State lobbying report shows Forest City was the state's third biggest lobbyist, spending $2.1 million over the year
April 2007

Federal eminent domain case resumes before Judge Garaufis

DDDB and allies announce state lawsuit challenging the project’s environmental review

May 2007

Oral argument before state Justice Joan Madden in lawsuit challenging environmental review

After demolition work leads to fall of parapet from Ward Bakery, potentially endangering community, ESDC announces a new staffer—described as an ombudsperson—will work with elected officials, public agencies, and the public

Architects and planners proposed revised UNITY plan

June 2007

Judge Garaufis dismisses eminent domain case

Forest City executive Jim Stuckey leaves abruptly; MaryAnne Gilmartin named new project manager. It is later revealed that Stuckey faced allegations of sexual harassment.

State legislature approves 421-a tax break with special provisions for Atlantic Yards

July 2007

Documents revealed to state Assemblyman Jim Brennan suggest that high costs and overoptimistic expectations of revenues make project financially precarious; Forest City disagrees

September 2007

State and city funding agreements give Forest City far more than ten years to finish the project. (These agreements are not revealed until March 2016)

October 2007

Oral argument before Second Circuit Court of Appeals in eminent domain case

January 2008

Justice Madden dismisses state lawsuit challenging environmental review

February 2008

Judges on Second Circuit Court of Appeals uphold ruling by Garaufis dismissing eminent domain case

March 2008

Developer Bruce Ratner tells the New York Times that the economy will delay Atlantic Yards, but claims the arena is on track

May 2008

DDDB and BrooklynSpeaks hold a joint rally calling for a “time-out” on the project to reassess it

In a Daily News op-ed, Bruce Ratner says the project is “anticipated” to be finished by 2018, a ten-year time period

New designs by Gehry released; they concern only the arena block, not the full project

MAS releases mock-up image of “Atlantic Lots,” suggesting the impact of lingering surface parking

June 2008

Forest City and allies sponsor “Brooklyn Day” rally supporting the project

U.S. Supreme Court declines to allow eminent domain appeal

United States Treasury Department proposes disallowing certain forms of tax-exempt financing, which could jeopardize bond issue to build the Brooklyn arena

August 2008

New eminent domain challenge filed in New York state court

September 2008

Oral argument before Appellate Division in DDDB’s appeal of Justice Madden’s decision on case on environmental review

Beginning of national recession

October 2008

Stock market plunges. Forest City Enterprises stock drops. Company begins laying off staff nationally, including in New York

Landscape architect Laurie Olin confirms he is no longer with project

U.S. Treasury Department agrees to grandfather in financing plan for Atlantic Yards arena

November 2008

Barclays recommits to naming rights deal

Ratner drops Frank Gehry plan (though Gehry’s departure is not publicly revealed for months); decides to build smaller arena, decoupled from towers around it

December 2008

Forest City Enterprises announces it will slow nearly all development nationally and halt its dividend

Frank Gehry lays off nearly all his Atlantic Yards staff

February 2009

State appellate court rejects challenge to Madden decision rejecting challenge to environmental review, though one judge files a scathing concurrence

Oral argument in state eminent domain case; such cases begin in appellate court, not trial court

March 2009

Forest City announces losses, but says arena will go forward

May 2009

Appellate Division judges reject eminent domain case

State Senate holds oversight hearing regarding Atlantic Yards; MTA executive reveals they will accept a smaller replacement railyard

Forest City Enterprises raises more than $300 million by selling new shares

June 2009

Frank Gehry officially dropped from project; new Ellerbe Becket-designed arena revealed

MTA approves proposal for revised deal for railyard rights, requiring $20 million down, and allowing 21 years to pay the remainder of the $100 million

ESDC approves revised project plan, allowing for delays in Forest City paying for private property acquired via eminent domain, and acknowleding the project could be delayed. New Technical Memorandum agrees that no Supplemental Environmental Impact Statement is required.

State Court of Appeals agrees to hear appeal in eminent domain case

July 2009

ESDC holds public question-and-answer session, with Forest City

ESDC holds public hearing on new project plan; BrooklynSpeaks and elected officials call for a
supplemental environmental impact statement (SEIS)—to assess project changes

September 2009

Forest City releases new design for the arena, with SHoP wrapping the Ellerbe Becket design with a pre-rusted skin, and a new oculus; new arena plaza is said to be temporary

New York City Independent Budget Office says revised project plan means net loss to the city

Council of Brooklyn Neighborhoods, a community coalition, releases report by independent real estate analyst that says Atlantic Yards cannot be completed by 2019 and more likely will take until at least 2029

ESDC approves revised project plan; cites new report by KPMG that says the project could be built in ten years, by 2019

ESDC releases technical memo saying no need for a Supplemental EIS

Mikhail Prokhorov annoucned as new majority owner of the Nets, minority owner of the arena operating company

October 2009

Oral argument at New York Court of Appeals in eminent domain appeal

DDDB and other community groups sue ESDC and Forest City in state court, aming to annul the recent re-approval of the project and require a Supplemental EIS

DDDB and legislators sue the MTA in state court, aiming to overturn its revision of the Vanderbitl Yard deal

November 2009

BrooklynSpeaks and allies also file suit challenging the re-approval of the project. (The Municipal Art Society leaves BrooklynSpeaks.) The cases will be combined

Mayor Bloomberg, after getting term limits overturned, is elected for a third term. Brooklyn Borough President Markowitz is also elected for a third term. Brooklyn Council Member Bill de Blasio is elected Public Advocate

New York State Court of Appeals dismisses eminent domain challenge, 6-1

New ESDC-created entity, Brooklyn Arena Local Development Corporation, approves bonds for the project

December 2009

Justice Michael Stallman dismisses case challenging MTA’s project approval

Project documents, including Development Agreement, signed in master closing that involves Forest City and ESDC

January 2010

State Supreme Court Justice Marcy Friedman hears oral argument in combined lawsuits challenging the ESDC’s re-approval of the project

Development Agreement released, allows 25 years to build the project

Those facing condemnation file suit in state court, arguing that changes in the project invalidate the eminent domain findings in 2006. State Supreme Court Justice Abe Gerges hears oral argument

March 2010

Justice Gerges rejects challenges, says no new eminent domain findings are necessary. Eminent domain approved, so title to remaining properties goes to ESDC

Justice Friedman dismisses challenge to project re-approval

Forest City holds arena groundbreaking, with representatives of Barclays, Jay-Z and many more in attendance

April 2010

At hearing regarding potential eviction of condemnees, Justice Gerges hammers out settlement in which Daniel Goldstein agrees to leave his condo within a month. His $3 million settlement is highly contested

May 2010

National Basketball Association approves Prokhorov as majority owner of the Nets.

June 2010

Forest City announces concrete has been poured for the arena

Justice Friedman hears oral argument as community groups aim to re-open the case challenging the project approval, based on the delayed release of the Development Agreement

August 2010

Condemnees sue in state court, before Justice Gerges, asking for new eminent domain findings

September 2010

Justice Gerges dismisses case requesting new eminent domain findings

Bruce Ratner tells WNYC that the project would not be built in ten years. Deputy Gilmartin says the first tower will start in spring 2011.

Forest City, using a private entity called the New York City Regional Center, begins seeking investors in China who are willing to lend $500,000 each at a low interest rate in exchange for green cards, in an investor visa program called EB-5. The goal is to raise $249 million

November 2010

Justice Friedman rules that ESDC failed to analyze the impact of Development Agreement. She orders new findings on whether a Supplemental EIS is needed

“In the Footprint: The Battle Over Atlantic Yards,” fact-based musical/theater project by The Civilians, debuts at a theater in Brooklyn

December 2010

ESDC board agrees that no Supplemental EIS is needed, issues new Technical Analysis

March 2011

Oral argument before Justice Friedman in case regarding need for a Supplemental EIS

New York Times reports that Forest City aims to build the world’s tallest tower using modular technology, producing prefabricated apartment sections in a factory. Forest City aims to build the entire project this way.

May 2011

Civic groups announce Atlantic Yards Watch, a web-based effort to monitor construction and operational impacts. Forest City opposes a bill to create a state subsidiary overseeing Atlantic Yards, saying bureaucracy caused delays.

June 2011

Release of documentary film Battle for Brooklyn, chronicling challenge to the project

July 2011

Justice Friedman agrees with challengers, orders ESDC to conduct a Supplemental EIS, but limited to the second phase of the project, excluding the arena block

November 2011

Forest City releases renderings by SHoP for three towers (B2, B3, B4) flanking the arena. It seems clear that B1 (aka “Miss Brooklyn”), the giant tower planned for what is now the arena plaza, will not be built

February 2012

Construction hours for the arena and infrastructure are extended, to meet the September 2012 deadline

Forest City and ESDC challenge Justice Friedman’s ruling in appellate court

April 2012

Appellate court upholds Justice Friedman, requires Supplemental EIS

Brooklyn Nets reveal marketing plan, with #HelloBrooklyn hashtag and new logo

July 2012

Brooklyn Nets spend big money, re-sign Deron Williams, trade for Joe Johnson, sacrifice draft picks

September 2012

Arena ribbon cutting event involves Prokhorov

Arena opens with string of eight concerts by Jay-Z

October 2012

Barbra Streisand concert is one of several major arena events

New York Islanders owner Charles Wang says hockey team will move from the Nassau Coliseum to Brooklyn in Fall 2015 under an “ironclad” 25-year lease

November 2012

Brooklyn Nets’ first home game is delayed by Superstorm Sandy, though team and arena executives aimed to hold the game even with the subway shut down

December 2012

Groundbreaking ceremony for modular tower, B1, to be named 461 Dean Street. Forest City partners with Skanska on the modular factor at the Brooklyn Navy Yard, and Skanska will construct the building

January 2013

City Council oversight hearing addresses modular factory; Council takes no action despite claim that Department of Buildings ignored licensing requirements

February 2013

Public hearing on Draft Scope for a Supplemental EIS

June 2013

Brooklyn Nets trade three first-round draft picks to acquire aging stars Kevin Garnett and Paul Pierce; team will have the league’s highest payroll

August 2013

MTV holds Video Music Awards at Barclays Center, uses surrounding streets as backdrop

Forest City announces plan to sell at least half of the Atlantic Yards project to an outside investor

Ratner’s group wins bid to modernize and downsize the Nassau Coliseum, which the hockey Islanders will be leaving

September 2013

Justice Friedman grants attorneys’ fees to lawyers who brought case calling for a Supplemental EIS

October 2013

Forest City says it will sell 70 percent of the project, excepting the arena and the modular tower, to Greenland USA, an arm of the Shanghai-based conglomerate Greenland Holding Co.

November 2013

Bill de Blasio elected New York City Mayor; Letitia James elected Public Advocate

December 2013

Forest City Enterprises reports a $242 million impairment—loss in value—of its Atlantic Yards investment. Greenland will pay $200 million for its share, well below the cost to Forest City

Justice Eileen Rakower dismisses legal challenge, by industry groups representing plumbing and mechanical contractors, to the Department of Buildings’ posture toward the modular plan

January 2014

Forest City makes its second effort to raise money via EB-5, “Atlantic Yards II,” with the New York Immigration Fund as its partner

February 2014

Final Scope for a Supplementary EIS released; delay seems aimed to accommodate Greenland deal

March 2014

Draft Supplemental EIS released. It discloses that school will be built not on the railyard but on a site across the street from the arena, suggests that the project will not lead to indirect displacement

Municipal Art Society announces that Bruce Ratner and MaryAnne Gilmartin have won the organization’s highest honor, the Jacqueline Kennedy Onassis Medeal.

April 2014

Forest City and Greenland say they will add install a secondary green roof on the Barclays Center to add an amenity and tamp down on noise escaping the structure from certain conceerts

May 2014

Public hearing on Draft Supplemental EIS

June 2014

Greenland sale closes. Governor Andrew Cuomo announces settlement with community group that threatened lawsuit regarding the project timetable on fair housing grounds; announces new 2025 deadline for affordable housing; two “100 percent affordable” towers will start. Only later is it revealed that most of the below-market units will be for middle-income households.

The settlement also includes agreement to organize a new advisory body, the Atlantic Yards Community Development Corporation (AY CDC)

August 2014

Greenland Forest City renames the project Pacific Park Brooklyn

Skanska threatens to stop building modular tower unless Forest City pays cost overruns. Skanska shuts down factory

Mayor de Blasio leads a pep rally aimed to convince the Democratic National Committee to hold the 2016 presidential nominating convention at the Barclays Center. (Philadelphia is chosen)

September 2014

Forest City, Skanska file dueling lawsuits over modular tower

October 2014

Brooklyn Nets’ visit to China helps Greenland Forest City Partners raise more EB-5 funds, in “Atlantic Yards III”

November 2014

Forest City buys out Skanska’s stake in modular tower

December 2014

Groundbreaking for 535 Carlton, “100 percent affordable,” and 550 Vanderbilt, a condo building, both designed by CookFox

February 2015

Forest City says it faces a $146 million impairment (loss in value) on modular tower

Atlantic Yards Community Development Corporation finally begins its quarterly meetings

June 2015

Forest City unveils the design of the project open space, designed by Thomas Balsley

August 2015

State documents reveal leaks and mold in modular tower

September 2015

Greenland Forest City unveils plans for 615 Dean Street (B12), designed by KPF, but tower does not launch

ESDC says it has begun the final condemnations, of Modell’s and P.C. Richard at Site 5, but the latter stalls the action in court

October 2015

New York Islanders start play at Barclays Center

December 2015

Greenland Forest City announces plans for 664 Pacific (B15), a tower that would include a middle school, designed by Marvel Architects, but the building does not start

January 2016

Forest City closes sale of its remaining interest in the Nets and the arena to Prokhorov, with an implied value of $875 million for the Nets and $825 million for the arena

Forest City Enterprises becomes a dividend-paying real estate investment trust, or REIT, and changes its name to Forest City Realty Trust

February 2016

Greenland Forest City reveals plans to build giant office tower at Site 5, once it gets ESDC to transfer the development rights from the B1 tower (“Miss Brooklyn”) once slated for the arena plaza

April 2016

Tobi Jaiyesimi, executive director of the Atlantic Yards Community Development Corporation, becomes ESDC’s Atlantic Yards/Pacific Park Project Director, thus essentially advising herself

Greenland Forest City announces plan to market three sites (B4, B12, B13) to outside investors

July 2016

The Real Deal reports that Forest City Ratner has lost 20 percent of its employees, to layoffs or departures

August 2016

ESDC/BALDC approves refinancing of the arena, bonds, saving Prokhorov $90 million, thanks to lower interest rates

October 2016

Forest City sells the modular factory to former executive Roger Krulak’s firm, Full Stack Modular

November 2016

461 Dean finally opens

Forest City announces losses on Pacific Park, says it has stalled new vertical construction on Pacific Park, citing glut of rental housing, rising construction cost, and uncertainties regarding 421-a tax break. Greenland does not comment

Hedge funds pressure Forest City Realty Trust to reform its dual class share structure and its family-controlled board, based in part on losses from Pacific Park

December 2016

Forest City Realty Trust agrees to a single-class share structure and a board majority of non-family members

March 2017

Forest City Ratner becomes Forest City New York

April 2017

Nassau Coliseum reopens, as "NYCB LIVE, home of the Nassau Veterans Memorial Coliseum Presented By New York Community Bank.” It has no anchor tenant, despite previous pledges to bring a minor league hockey team

In the housing lottery for 535 Carlton, I find a huge mismatch between the small number of applicants for middle-income units and the enormous number of applicants for low-income units

Less than two blocks northwest of the arena plaza, developer Alloy announces plans for giant 80 Flatbush project

June 2017

Grand opening for 535 Carlton

July 2017

Greenland Forest City gets new broker, Nest Seekers International, to sell condos at 550 Vanderbilt, after a sales slowdown

Three sites (B4, B12, B13) no longer being marketed to outside investors

September 2017

Forest City Realty Trust announces strategic review to increase shareholder value, which could include a merger or sales of specific assets

October 2017

Unable to fill middle-income units at 535 Carlton (and 461 Dean), Greenland Forest City opens marketing beyond the official housing lottery

Billionaire Joseph Tsai agrees to buy 49 percent of the Nets, and then buy the rest in four years, at a valuation of $2.3 billion, a victory for Prokhorov

November 2017

Forest City says it will sell the modular building, 461 Dean

December 2017

The Islanders-Barclays deal has an opt-out clause. Islanders win bid to construct new arena at Belmont Park; it should open in 2021. Barclays Center, whose owners operate the Nassau Coliseum, push for the Islanders to play all their games during the interim in Nassau

January 2018

Forest City announces it will sell all but 5% of the project going forward to Greenland USA; deal expected to close mid-2018. It will retain its 30% of the three towers built by the joint venture

CEO MaryAnne Gilmartin leaves Forest City to co-found new firm, L&L MAG, with two new deputies

Forest City New York has third round of layoffs

Gov. Andrew Cuomo announces Islanders will split next three seasons at Nassau Coliseum and Barclays Center, and offers $6 million in state funds to upgrade the Coliseum for hockey

Developer Hope Street Capital announces 550 Clinton, 312-foot tower catercorner to northeast corner of Atlantic Yards site

March 2018

Forest City sells 461 Dean to Principal Global Investors

Forest City Realty Trust announces it has decided against selling the company, but it will revamp its board, with 9 of 13 board members being replaced. The Ratner family will have only two board designees, not four.

May 2018

First retail tenants at 550 Vanderbilt announced

June 2018

No price announced for Forest City/Greenland deal, as it closes

August 2018

Forest City Realty Trust to be acquired by Brookfield

Renters at 535 Carlton can get two months free

Developer admits Pacific Park should take until 2035

September 2018

Drama and dissent at Forest City's board revealed over Brookfield deal

New development partners, TF Cornerstone and the Brodsky Organization, take over three sites

October 2018

A reality tv show, Million Dollar Listing, distorts 550 Vanderbilt