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September 22, 2008
Development Watch: Atlantic Terrace Rising
Brownstoner
Another dishonorable mention for Atlantic Yards (is there any other kind these days?) in an update on the progress of the Fifth Avenue Committee's Atlantic Terrace project.
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It's not looking like we're going to see any affordable housing at Atlantic Yards anytime soon (or market rate housing, for that matter), but at least a smaller project across the street at 669 Atlantic Avenue continues to chug along. Next door to the Atlantic Terminal Mall, the 80-unit Atlantic Terrace co-op project now has lots of steel in the ground, noticeable but hardly rapid progress compared to when we checked in last April. Roughly 70 percent of the apartments will be set aside for either low- or moderate-income earners.
NoLandGrab: Astute readers will remember Atlantic Terrace as the project that had to scrap plans for solar panels due to projected looming shadows from Atlantic Yards, recalling the classic "Who Shot Mr. Burns?" episode of The Simpsons (see the third paragraph after the jump).
Posted by eric at September 22, 2008 2:38 PM