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October 12, 2011

470 Vanderbilt moves toward renovation; did the state really consider impact of workers and visitors to new offices?

Atlantic Yards Report

A New York Times article today on 470 Vanderbilt, Unconventional Financing Helps Deal for Brooklyn Space, casts new attention on the former tire factory and telecom space--circled in the Empire State Development Corporation map at right; click to enlarge--that is being renovated across broad Atlantic Avenue from the northeast section of the Atlantic Yards site:

But late last month, the New York City Human Resources Administration signed a 20-year, 400,000- square-foot lease for six floors of the 10-story building — the largest deal in Brooklyn this year and the culmination of more than two years of negotiations. Along with a second, smaller deal, 470 Vanderbilt is now 85 percent leased. In conjunction with a residential tower that the developers hope to build on an adjacent parking lot, it could speed the transformation of the area, which lies between Fort Greene and Clinton Hill.

Any impact on AY traffic or pedestrians?

The Empire State Development Corporation has claimed that the change in use would have no new significant adverse impact, in a document summarizing the 6/14/11 public meeting on traffic issues, posted and also embedded below. However, as I explain below, there are reasons for doubt.

article

NoLandGrab: We've obtained an exclusive photo of the AKRF team that compiled the Atlantic Yards Environmental Impact Statement.

Related coverage...

The New York Times, Unconventional Financing Helps Deal for Brooklyn Space

Posted by eric at October 12, 2011 12:33 PM