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February 3, 2009

Adventures in real estate: agent hypes property next to AY site

Atlantic Yards Report

Sometimes you have to wonder if descriptions of properties located near Atlantic Yards are intended as marketing or full disclosure:

Ingram & Hebron Realty, marketing three contiguous properties at 670-674-678 Pacific Street, bills them as "[d]irectly across the street from $4 billion Atlantic Yards/Nets Arena project" and advertises them using a deeply aspirational map of the AY footprint.

(Photo by Tracy Collins shows the brick Spalding building in the background, to the west on Pacific Street.)

After all, nothing has been built, and the property for sale/lease would directly border the site of Building 15, which would first serve as a staging area for arena construction, should it go forward, and then, in four years or more, become the home of a 272-foot tower. It could take decades, if ever, to build the towers in Phase 2, east of the arena block.

In other words, anyone living or working at that location had better bring earplugs.

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Posted by lumi at February 3, 2009 5:17 AM