Another plan in play...
http://therealdeal.com/2016/02/26/gr...-office-tower/
Greenland Forest City scopes out another Barclays Center site for office tower
Developer is already considering 1.5M sf skyscraper at Pacific Park
February 26, 2016
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Greenland Forest City is now looking at another possible site for an office tower near its Pacific Park development near the Barclays Center in Downtown Brooklyn.
Earlier this month, the developer — a partnership between Forest City Ratner Companies and Chinese real estate investment firm Greenland USA — was looking into securing the approvals needed to transfer up to 1.1 million square feet of development rights to 590 Atlantic Avenue. If the transfer takes place, a roughly 1.5 million-square-foot office tower could rise at the site, located close to Brooklyn’s largest transit hub at Atlantic Avenue.
Another possibility is a lot at the southwest corner of Atlantic and Sixth avenues directly behind the arena known as B4, DNAinfo reported. Right now, the site is for residential and some retail, according Forest City Ratner spokeswoman Ashley Cotton. But if the state government allows commercial rights from another Pacific Park building — 461 Dean Street on Flatbush Avenue — to be shifted to the site, a large office building could be built, DNAinfo reported.
Cotton told residents at a community board meeting that the changes would not add extra square footage to the complex or impact 2,250 units of affordable housing to be built within Pacific Park. No timeline for the plan was given.
Both plans need state approvals. At 590 Atlantic Avenue, currently the site of Modell’s Sporting Goods store and a P.C. Richard & Sons electronics and appliances store, Greenland Forest City presently has rights to build a 440,000-square-foot office property.
P.C. Richard recently filed a lawsuit against Forest City Ratner over the eminent domain condemnation of its location, as The Real Deal reported last month.
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https://www.dnainfo.com/new-york/201...arclays-center
Developers Eye Two Sites for Office Towers Around Barclays Center
Quote:
The developers of the Pacific Park complex, formerly Atlantic Yards, are eyeing two new locations to build office towers within the 22-acre development, including a possible 1.5-million-square-foot building revealed last week.
Representatives of the developer, Greenland Forest City Partners, shared a rough sketch of the plan with residents at a public meeting Wednesday, focusing on two sites surrounding the Barclays Center: 580 Atlantic Ave., currently occupied by Modell’s and P.C. Richard & Son, and a lot at the southwest corner of Atlantic and Sixth avenues directly behind the arena known as B4.
Currently, usage of the B4 site is limited to residential and “some retail” by a state-approved project plan, said GFCP spokeswoman Ashley Cotton. But the company is hoping the state will allow office space to be built there by shifting commercial rights — previously reserved for another Pacific Park building, 461 Dean St. on Flatbush Avenue — to the Atlantic Avenue site.
“We elected to do residential [at 461 Dean St.] instead. So, now we’d like to examine potential commercial use along Atlantic Avenue, instead of Flatbush,” she told residents at the community update meeting Wednesday night.
The B4 building would act as a bookend, she said, to a much larger building GFCP is planning to build nearby. That tower, at 580 Atlantic Ave., or “Site 5,” would use up to 1.1 million square feet of air rights currently controlled by the developers in front of the Barclays Center — where the subway station, plaza and distinctive “oculus” feature on the arena are now located — combined with 439,000 buildable square feet currently allowed on Site 5.
If the air rights transfer is approved by the agency that oversees the project, the Empire State Development Corporation, the resulting tower could be up to 1.5 million square feet, Cotton said.
GFCP shared no renderings, designs plans or height estimates for either building. Dismayed residents at the meeting tried to visualize what such a building would look like; one suggested comparing it to an 18-story Pacific Park building, 535 Carlton Ave., currently under construction at the corner of Carlton Avenue and Dean Street, about a fifth of the potential square footage of the planned Site 5 building.
Cotton stressed that the changes in usage for both sites will add “no extra square footage” to the complex and will not change “in any way” the 2,250 units of affordable housing to be built within Pacific Park. Affordable units previously planned to be built within B4, she said, will be accommodated elsewhere in the complex.
A precise timeline for the project is unclear. The proposed changes at Site 5 will require an environmental impact study, Cotton said, and approval from the ESD board. But the developers are eager to “move this thing," she said.
“Our planners… think it’s a good idea and we want to move this quickly, so if we could get a scoping hearing this spring, that’d be great,” she said. “But … obviously, it takes a lot of process to get there.”
In addition, before any potential construction begins at Site 5, the state must seize the property through the use of eminent domain on behalf of the developers. An official for ESD said the agency has made offers to purchase the property, but no formal application to condemn the lot has yet been made.
The ESD official also said a review of the project plan, including public hearings, would begin when the developers officially present a proposal about the transfer of development rights to the agency, which they have not yet done, he said.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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