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May 6, 2009

Once-planned Atlantic Yards hotel is one of 43 in the city "on ice;" FCR won't comment

Atlantic Yards Report

At least 43 planned hotels in the city, with an aggregate of some 10,150 rooms, are delayed or completely axed, reports the Real Deal.

...the chart offers this tidbit about what was once a planned 180-room hotel component of Building 1:

With the Atlantic Yards arena and high-rise project mired in lawsuits and unable to get financing, there’s no telling when or if the project’s signature masthead building, renamed Building 1, would get built. At one point, the hotel component was scuttled altogether, but now a spokesman declined to comment on whether it still exists.

As I pointed out a year ago, new renderings of the flagship tower, originally called Miss Brooklyn, provided the clue.

The Daily News reported that the building would include 650,000 square feet of office space, which is more than the 528,000 square feet described the previous October at an Investor Day. Given that the building was once supposed to also include a hotel with 164,652 square feet, I noted, it's a good bet that the revised plans traded hotel space for office space.

article

NoLandGrab: Are you getting the sense that no one knows what Bruce Ratner is planning for the signature tower, not even Bruce Ratner? Seriously, the plans for the configuration of the tower keep shifting because the market conditions keep changing. [A few years back Brooklyn didn't have enough hotel rooms, now there are too many.] Ratner will configure the tower once or twice more because he has no clue what the market needs or wants — he just really, really wants to build the tower very badly.

Posted by lumi at May 6, 2009 6:03 AM