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Old Posted Feb 16, 2016, 10:05 PM
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Developers reveal plan to build Brooklyn's largest office tower across from Barclays Center

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The developers of Pacific Park, a sprawling collection of apartment buildings being built next to Barclays Center, are exploring a plan to build the largest office tower in Brooklyn.

Greenland Forest City, a partnership between the New York City development firm Forest City Ratner and Chinese real estate company Greenland Holdings, are considering efforts to secure the approvals necessary to transfer as much as 1.1 million square feet of development rights to a site at 590 Atlantic Ave. that it controls across the street from Barclays Center.

If successful, the pair could erect a roughly 1.5 million-square-foot office tower across from Brooklyn's largest transit hub at Atlantic Avenue, where nine subway lines and the Long Island Rail Road converge.


"Pacific Park was always meant to include modern office space," a spokeswoman for Greenland Forest City said in a statement. "We think the time is right for the borough to have an iconic office building for the new Brooklyn economy and the thousands of jobs it will bring to the doorstep of one of the city’s largest transit hubs."

The plan hinges on securing state approvals to transfer the development rights from the triangular plaza framed by Atlantic and Flatbush avenues in front of Barclays Center to a site across Flatbush Avenue that is controlled by the developers and is now occupied by Modell's Sporting Goods and PC Richards stores. Greenland Forest City currently has the right to build a smaller 440,000-square-foot office property on that site.

In order to transfer development rights and build a bigger tower there, the developers need to go through a state review process through the Empire State Development Corp., the state-controlled agency that has overseen the development of Pacific Park (the $5 billion project formerly known as Atlantic Yards). A spokesman for the agency did not return a request for comment.

Greenland Forest City has presented its plan to both neighborhood and state economic-development officials as a way to preserve the open plaza space in front of the Barclays Center. The office tower already has the support of Tucker Reed,president of the Downtown Brooklyn Partnership, a major local business group.

"Our office vacancy rate in downtown Brooklyn has fallen to a historic low of 1.6%," Reed said in a statement. "We risk losing significant investment and further job growth in downtown Brooklyn if additional inventory does not come online in the immediate future."

Office tenants have increasingly streamed into Brooklyn. Real estate investors and developers have rushed to convert former warehouse buildings into commercial space and construct new office space to accommodate the demand.
What would be replaced:





===========================
http://www.crainsnewyork.com/article...state-20160216
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Old Posted Feb 16, 2016, 10:08 PM
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Oh boy oh boy oh boy
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Old Posted Feb 16, 2016, 10:29 PM
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Hurray!!

Nice find chris!
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Old Posted Feb 17, 2016, 1:34 AM
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Perfect location for a huge office tower. Right on top of the busiest transit hub outside of Manhattan.
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Old Posted Feb 17, 2016, 2:10 AM
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Quote:
If successful, the pair could erect a roughly 1.5 million-square-foot office tower across from Brooklyn's largest transit hub at Atlantic Avenue,
where nine subway lines and the Long Island Rail Road converge.

"Pacific Park was always meant to include modern office space," a spokeswoman for Greenland Forest City said in a statement. "We think the time
is right for the borough to have an iconic office building for the new Brooklyn economy and the thousands of jobs it will bring to the doorstep of
one of the city’s largest transit hubs."

The plan hinges on securing state approvals to transfer the development rights from the triangular plaza framed by Atlantic and Flatbush avenues
in front of Barclays Center to a site across Flatbush Avenue that is controlled by the developers
and is now occupied by Modell's Sporting Goods
and PC Richards stores. Greenland Forest City currently has the right to build a smaller 440,000-square-foot office property on that site.

I love the idea. Plus it gives us the added bonus of keeping the plaza in front of Barclays Center. Do it.



http://atlanticyardsreport.blogspot.com/

Greenland Forest City seeks to shift arena office tower development rights to Site 5, for humongous 1.5M sf building
(despite what City Planning said)



Quote:
The 2016 Atlantic Yards/Pacific Park surprise--which I partly predicted--has come early, and it's a doozy, with self-serving motives portrayed as civic ones.

The bottom line is: to save money on construction costs, and not have to build a 511-foot office tower with 1.1 million square feet over the arena plaza, Greenland Forest City Partners want
to move the entire development package across the street to Site 5.

That's currently home to P.C. Richard and Modell's, where already a 250-foot building with 439,050 square feet of development rights is planned.

The results: a humongous building, more than 1.5 million square feet (and of an unknown height), across the street from row houses. Forest City has characterized it as the Brooklyn
analogue to the Time Warner Center. It's almost a quadrupling of development rights.

This will require new approvals (and public comment), and may even generate outrage, since even the New York City Planning Commission in 2006 recommended that the building
at Site 5 be cut, and it was. (And it's right next to the Brooklyn Bear's Community Garden.)

But it is being pitched as a way to "save" the plaza so crucial for the arena (and appreciated by the public), as well as to deliver office jobs.

It's possible that this, like so much regarding this project, is a gambit, and they will "accept" a compromise in which 100,000 or more square feet are shaved off.

Or that some of the development rights might be moved to Forest City Ratner's Atlantic Center Mall, which already has the option to build about 1.1 million square feet
(1.586 million square feet minus the Site 5 development rights) in three towers over the mall.

Note: the current Site 5 occupants, Modell's and P.C. Richard, still face an eminent domain proceeding, and P.C. Richard is challenging it in court.




B1 development rights would be combined with smaller Site 5 (model approx. 2008, by Frank Gehry)

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Old Posted Feb 17, 2016, 2:20 AM
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Google earth images for location purposes...























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Old Posted Feb 17, 2016, 5:38 PM
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Anyone have any idea how tall a 1.5m sqft tower would be on a site that size?

Last edited by Doubleu1117; Feb 17, 2016 at 8:31 PM.
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Old Posted Feb 17, 2016, 5:41 PM
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Quote:
Originally Posted by Doubleu1117 View Post
Anyone have any idea how tall a 1.5m tower would be on a site that size?
Many variables at play but could easily top 1000ft.

At first I thought the current site of the subway entrance was underutilized but the more I think about it, the open space and creation of the plaza is a great thing to have in this high density area with heavy pedestrian traffic. The density transfer to the site across the street is absolutely the right thing to do. Bravo NYC!!
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Old Posted Feb 17, 2016, 6:47 PM
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^and undoubtedly the new tower will also provide new a entrance into the station complex as well.
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Old Posted Feb 17, 2016, 7:12 PM
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Quote:
Originally Posted by Busy Bee View Post
^and undoubtedly the new tower will also provide new a entrance into the station complex as well.
I hope its a super tall. Its kinda in a really good spot for tenants, especially with the easy subway access. Good for workers and so on. No doubt the cheaper space will attract clients, which have in the last several years been setting up shop in DoBro. A tower such as this is also good for the outlook of residential for the area. DoBro has become a place to live, and ever more increasing, a place to work, versus the conventional Manhattan. Which is a trend I like to see. Likewise for LIC.

I have a feeling that possibly 900 feet could be realistic, but I hope I'm wrong. Its a game changer for the borough as its seen new tallest(s), with a "S" because it seems like every couple of months, something regains the title in terms of residential, and now we have office.

There's also this development to keep an eye on: http://forum.skyscraperpage.com/showthread.php?t=217583
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Old Posted Feb 17, 2016, 10:35 PM
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Old Posted Feb 18, 2016, 5:02 AM
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Quote:
Originally Posted by chris08876 View Post
I hope its a super tall.
SAME!

Strictly for 340 Flatbush. It won't be alone, if this too becomes a Super tall. But also this new building will have to compete for design, because 340 FAE is in a league of it's own right now.
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Old Posted Feb 18, 2016, 9:49 PM
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Greenland forest city has ties with SHoP (the project across the street) they may choose to keep them on board for this part of the project as well.
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Old Posted Feb 18, 2016, 10:02 PM
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Quote:
Originally Posted by :-) View Post
Greenland forest city has ties with SHoP (the project across the street) they may choose to keep them on board for this part of the project as well.
Thanks for the info :-)
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Old Posted Feb 18, 2016, 10:51 PM
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As DT Brooklyn continues to explode, that dopey hideous Atlantic Terminal/Center mall will look more and more ridiculous. I would expect a proposal to redevelop by Forest City within the next 5 years.
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Old Posted Feb 19, 2016, 1:39 AM
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Quote:
Originally Posted by Busy Bee View Post
As DT Brooklyn continues to explode, that dopey hideous Atlantic Terminal/Center mall will look more and more ridiculous. I would expect a proposal to redevelop by Forest City within the next 5 years.
Could happen...

Quote:
It's possible that this, like so much regarding this project, is a gambit, and they will "accept" a compromise in which 100,000 or more square feet are shaved off.

Or that some of the development rights might be moved to Forest City Ratner's Atlantic Center Mall, which already has the option to build about 1.1 million square feet (1.586 million square feet minus the Site 5 development rights) in three towers over the mall.




Quote:
Originally Posted by chris08876 View Post
I hope its a super tall.

Whatever the height ( I would say at least 800 ft, possibly 1,000 ), it looks like they want to build something that would be identified with Brooklyn...


Quote:
"Pacific Park was always meant to include modern office space," a spokeswoman for Greenland Forest City said in a statement. "We think the time is right for the borough to have an iconic office building for the new Brooklyn economy and the thousands of jobs it will bring to the doorstep of one of the city’s largest transit hubs."

The time is right, but there is competition, at least at this stage...


http://forum.skyscraperpage.com/show...3&postcount=27

Quote:
http://www.brooklynpaper.com/stories...-02-19-bk.html

Report: Brooklyn in midst of high-end office building boom

BY LAUREN GILL
February 12, 2015


Brooklyn is no longer Manhattan’s back office!

Developers are erecting high-end office buildings across the borough, and real estate experts say big companies are now rushing to relocate inside them so they can tap into the local talent pool — bucking Kings County’s image as a place to stash away support staff in cheap digs

.....Demand is so high, some developers are ditching their plans for luxury residential towers to create swanky office complexes instead.

In October, Glacier Global Partners abandoned a condominium project inside a Dumbo waterfront warehouse to fit it out for businesses. And the next month, Jemb Realty announced it was scrapping a planned apartment building Downtown — which boasts some of the lowest vacancy rates in the city — to create a 40-story commercial building.

Jemb claims businesses are now beating down its door to snag space in its Albee Square West building — the first new office tower to rise Downtown in more than a decade — when it opens in 2018.

“They want us to build faster and they’re very excited to get in there,” said president Jacob Jerome.


Jerome says around 80 percent of the businesses looking at the building are creative companies hoping to move out of the overcrowded Manhattan market to the borough many of their employees call home.

“People want to live and work in Brooklyn,” he said.






http://newyork.citybizlist.com/artic...a-office-tower
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Old Posted Feb 22, 2016, 3:29 AM
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Locals Call for a More Pedestrian-Friendly Redesign of Atlantic Avenue’s Times Plaza

Quote:
Greenland Forest City might be making headlines for proposing to build the borough’s largest office building using development rights from the open plaza in front of the Barclays Center, but they’re also redesigning the area’s other awkward triangular open space — Times Plaza.

Indeed, the developers are required to make over the plaza as part of improvements for the Barclays Center vicinity. But some locals are upset the redesign won’t do anything to make the plaza and its surrounding intersection any safer for pedestrians.

Owned by the New York City Transit Authority, the traffic island is home to the iconic Times Plaza Control House, a Flemish Revival style subway entrance designed in 1908 by the firm of Heins & LaFarge. Restored in 2005, it’s one of the finest subway structures in the city.

Don’t worry — that Heins & LaFarge entrance isn’t going anywhere. However, the preliminary plans for the Times Plaza redesign left locals nonplussed, according to Streetsblog.

The reimagined space would have sturdy benches connected to large planters in addition to a handful of round tables with attached seating and open space for a food cart.

When the developers presented the design at a community meeting in late January, a number of locals looked beyond the aesthetic changes, objecting to the lack of pedestrian safety improvements to the island and the dangerous intersection surrounding it.


========================
http://www.brownstoner.com/blog/2016...laza-redesign/
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Old Posted Feb 22, 2016, 4:49 AM
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Good to see this building go for something much better, so impressive seeing this intersection getting built up like this.
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Old Posted Feb 23, 2016, 2:59 AM
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About the plaza redesign, at least we are keeping it. Makes sense, especially since the office space can be moved without really being "moved".



http://www.brownstoner.com/blog/2016...-590-atlantic/

Pacific Park Developer Wants to Replace Modell’s With Borough’s Biggest Office Building


by Barbara Eldredge
2/17/16


Quote:
....Pacific Park’s behemoth office tower could employ thousands of Brooklyn workers and be as big as 1.5 million square feet, but only if the developer can transfer air rights from the nearby Barclays Center plaza, a triangle of land jutting out into one of Brooklyn’s busiest intersections.

....This is a big change for the heavily trafficked area and for Pacific Park. Originally the plan was to build a smaller 440,000-square-foot office building at the Modell’s site and a larger 1.1-million-square-foot office building at the Barclays Center plaza site, instead of one giant building.

With an air-rights transfer, the developer can construct at 590 Atlantic Avenue the borough’s biggest office building — practically on top of Brooklyn’s biggest transit hub at Atlantic Terminal.

....The prospect to keep the pedestrian plaza while still creating approximately the same amount of space for workers could be appealing, although 1.5 million square feet is enormous and could mean a tower taller than the iconic Hanson Place clocktower nearby.






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Old Posted Feb 25, 2016, 2:43 AM
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http://atlanticyardsreport.blogspot....-brooklyn.html

A working mock-up of the bulk of the "Brooklyn Behemoth" office tower





Quote:
The rendering has been created by taking the bulk of 511-foot, 824,629-square foot B4, inflating it by about 30%, and plopping it on top of the 250-foot, 439,050-square foot Site 5, to approximate 1.5 million square feet. So the building would likely be at least 900 feet tall.

This is adapted from an image in the 2006 Final Environmental Impact Statement, which is why there's titanium on the arena. Needless to say, this is very unofficial.






http://atlanticyardsreport.blogspot....now-about.html

FAQ: What we know/don't know about proposed "Brooklyn Behemoth" office tower


Quote:
How big would it be?

More than 1.55 million square feet, combining the bulk of the B1 tower planned for the triangle currently including the arena plaza, plus the 439,050 square feet for the Site 5 development. It's supposed to be an office tower, but presumably would contain a significant amount of retail and--unmentioned, but a good bet--some condos.

We have no information on the height.

Isn't that big?

Preposterously so. The New York City Planning Commission recommended a reduction in scale of that Site 5 (named for its location in the Atlantic Terminal Urban Renewal Area) from 350 feet in height (originally 400 feet) and 572,000 square feet. I calculated the Floor Area Ratio (FAR), which is a common measure of the multiple of full lot coverage, at nearly 31. That's preposterous.

For context, note that Behemoth Brooklyn would be 4.26 times bulkier than the Williamsburg Savings Bank, which is 362,269 square feet.

It's nearly three times the bulk of a proposed 1,066-foot tower in Downtown Brooklyn.

How can they get away with it?

Well, you can't simply move bulk wherever you want it. This would significantly increase the impact on this rather sensitive site--affecting traffic on adjacent Fourth and Atlantic avenues, and life on residential Pacific Street.

It will require a new environmental review process, and new vote by the Empire State Development Corporation, which can override city zoning. Presumably there will be people alarmed. Perhaps Community Board 2 will hold an informational hearing. My bet is that this preposterous proposal will lead to a "compromise" in which the developers accept somewhat less bulk and/or try to move it somewhere else, such as to the Atlantic Center mall (which would require a city process).

Why are there no details about height and bulk, or no renderings?


They don't want to shock people. And journalists have not pointed that out. But it surely will be much taller than the 511-foot Miss Brooklyn, which was originally 620 feet. The 1.7 million square foot One Vanderbilt next to Grand Central would be 1,500 feet, as noted by NY YIMBY

Would the building be only office space?

Surely not. They've described it as having high-end retail, like the Time Warner Center. And Forest City CEO MaryAnne Gilmartin last October told the New York Times that a hotel likely would be included.

Gilmartin also said last year, intriguingly, "In the world of vertical living and livable cities, it is now an acceptable proposition to look at an office building that has a core that performs both as an office building and a condominium tower at top. I think these kinds of creative solutions are going to have to be brought into the equation for the math to work.”

Is the time right "for the borough to have an iconic office building for the new Brooklyn economy and the thousands of jobs it will bring to the doorstep of one of the city's largest transit hubs," as the developer says?

Well, maybe. As it happens, Downtown Brooklyn was rezoned for new office space, but it became more lucrative to build residential. The only pending, ground-up office tower, 420 Albee Square, was leveraged by New York City's decision to transfer development rights on the condition that the tower be built commercial.

Office towers don't usually get built without anchor tenants. Especially one this big. So I'd bet that the city and/or state would help attract one. Or more. With subsidies.

How many jobs would a 1.5 square foot office building contain?

Well, at 200 square feet per person, 7,500. At 250 sf/person, 6,000. That seems like an astounding number to fill in one swoop--unless, again, there's a concerted push by public agencies. Even if half the building is office space, with the rest retail and/or condos/hotel, that's 3,000 to 3,750 jobs.

But it would make up for some of the criticism regarding the once-promised 10,000 office jobs.
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