« Economic Downturn Isn’t Slowing Luxury Box Sales | Main | Save the date: DDDB walkathon as Yards looks shaky »

October 7, 2008

The mysteries of Site 5: from housing to (obviously delayed) office space

Atlantic Yards Report

Norman Oder fleshes out the mystery of the disappearance of Site V:

The prospects for Site 5, the now-disappeared tower planned at the property now occupied by P.C. Richard/Modell's, may be even more murky than previously assumed.

In May, when developer Forest City Rather released new renderings, there was no depiction of Site 5, located between Pacific Street and Atlantic, Flatbush, and Fourth avenues, the site farthest west in the Atlantic Yards footprint.

Though the Empire State Development Corporation's (ESDC) General Project Plan described the development of both Site 5 and Building 1 as "central to the goal of the Project," both are delayed. ESDC spokesman Warner Johnston told me in May, "Site 5 was never contemplated to be one of the first buildings and will be done in a future phase."
Given the obvious delay in the plans for Site 5, it's worth asking the “probabilistic” date for any construction there, especially given that the two retail outlets still operate, despite a projection in the Atlantic Yards construction schedule that demolition was to be completed by January 31, 2008.


Posted by lumi at October 7, 2008 6:50 AM