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August 1, 2010

What's missing in Phase 1? The Construction Coordination Center at Sixth Avenue

Atlantic Yards Report

On the northeast side of Dean Street east of Sixth Avenue, three of five houses once destined for eminent domain and demolition still stand, a testament to changed arena block plans.

In the original Atlantic Yards plan, Forest City Ratner sought a 100-foot plot of land just east of Sixth Avenue, as I wrote in August 2006, for staging and temporary parking, before serving as the site for the last building constructed.

But a changed arena design, and an abandonment of any plan to build four surrounding towers in four years, means that the need for surface parking and staging is less.

Moreover, FCR and the Empire State Development Corporation avoid potential eminent domain cases against homeowners, and the developer gets to save cash flow by having condemnation for the project proceed in stages.


Posted by steve at August 1, 2010 8:52 AM