January 25, 2010
How Big Is Atlantic Yards Really? 16 New Buildings or 19? (Plus the Arena plus. . .)
Noticing New York
Michael D.D. White looks at Forest City's prospective Brooklyn landholdings.
One thing our readers should know is that no matter whether the new megadevelopment is thought of as just the 22 acres with the new 16 towers plus arena, or the entire contiguously owned 30 acres with the 19 new towers plus arena, the entire mega-monopoly of contiguously owned development acres brought about by the no-bid gift of “Atlantic Yards” to ForestCity Ratner will, including existing already built properties, consist of the following:
• Two large suburban-style shopping malls (existing)
• One sports arena (proposed)
• 20 towers of both residential and commercial development. (One built and 19 planned.)
That 30-acre mega-development is only part of the larger (approximately 50-acre mega-monopoly) that is to be owned by Forest City Ratner mostly through eminent domain and governmental favoritism. Those 50 acres constitute a heavy preponderance of the prime densely zoned land in or near Downtown Brooklyn sitting astride the key subway lines that make Brooklyn’s best land accessible.
Posted by eric at January 25, 2010 8:32 PM