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June 27, 2012
Commercial Klutch: June Edition
Brownstoner
This month our masked commercial crusader peers into his crystal ball.
This column is dedicated to our dedicated reader & commenter, Trolley Dodger. Whereas a request was made for insider information, said shall be provided. Much of what is stated is future or near future, yet it will come to pass my friend.
Forest City will tear down the first Atlantic Center Mall property and make a bigger and better one. They will also demolish Mo’s and PC Richards and replace it with a huge building, with Apple Computer at the base. The arena’s huge effect on both the psyche of Brooklyn and the surrounding real estate will bring us tourist and B & T folks, turning the immediate area into a party. Watch for a fun venue in 604 Pacific. 750 Pacific won’t be torn down but will become a fancy tech tenant property, for one tenant.
NoLandGrab: That crystal ball could use some Windex. For one thing, the Atlantic Center Mall was designed so that additional towers could be constructed on top of the existing building; it won't be torn down. For another, Forest City doesn't have the financial wherewithal to take on something like that. You're better off relying on the Magic 8 Ball.
Posted by eric at June 27, 2012 12:20 PM