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August 23, 2011
If Bruce Ratner Builds It: Forest City Files DOB Application for First Apartment Tower
NY Observer
by Thornton McEnery
Here comes the next round in the city’s most intractable debate over the further development of Atlantic Yards, as it appears that exactly one week ago, Forest City Ratner filed its first building application for a residential tower on the corner of Dean Street and Flatbush Avenue.
And that, and a dollar, will get you... a dollar.
As The Observer reported in the fall, Forest City Ratner planned to begin construction on the project during the first half of this year. While it has missed that mark, there was suspicion nothing would get built this year at all. Herewith is the first proof that might not actually be the case.
According to Forest City Ratner, everything is moving ahead as planned. “The permits were filed as standard operating procedure as we move forward,” Director of Commercial & Residential Development MaryAnne Gilmartin said in a statement. “We are still designing both prefab and conventional alternatives for the first residential building at Atlantic Yards and are shooting for a year end groundbreaking. We hope to show renderings to the public during the 4th quarter of this year.”
NoLandGrab: By "show renderings to the public," Gilmartin means "grant an exclusive to The New York Times."
Related coverage...
Curbed, Forest City Ratner Files for First Atlantic Yards Residential Permit
The application calls for a 33-story, 368-unit building, and the company previously promised that it would be a 50-30-20 project—20 percent of the units reserved for low-income tenants, 30 percent for middle-income tenants, and the remaining 50 percent for market-rate tenants. The building listed on the application is also roughly the size of the prefabricated tower Bruce Ratner was considering, and a construction worker at the site told Brownstoner that's still a possibility.
The Real Deal, First permit for residential tower at AY filed
Posted by eric at August 23, 2011 10:14 PM