A new neighborhood grows in Brooklyn
New York City.
Pacific Park (formerly Atlantic Yards), the new neighborhood is rising with the first condo building at 550 Vanderbilt. (The project is being built in Prospect Heights, next to Fort Greene and Downtown Brooklyn) When I toured the site this past week, construction of the new high rise was at around the 9th floor.
The Pacific Park neighborhood will include 22 acres, with 15 mixed-use buildings, over 6000 residential units, all surrounded by over 8 acres of green, open space. The new megalopolis will consist of new luxury condos, affordable housing, a new New York City public school, community health center, retail & commercial space. It may even include a dog run! According to their website, “Pacific Park is a dynamic new neighborhood with 8 million square feet of residential, retail, commercial and entertainment destinations. Conceived by the world-renowned architect Frank Gehry, the 22-acre master plan for the Pacific Park development.” The development team consists of Greenland, Forest City Partners.
The new mega development is being built on top of the Long Island Rail Road/Atlantic Yards, east of the Barclay Center. (Many of the remaining buildings being built will sit on a platform similar to the construction at Hudson Yards.) If you purchase a condo here, rent or are accepted to the affordable housing component, you can walk a few blocks to be entertained by Beyoncé or watch the Brooklyn Nets play down the court. Office space is also part of the project. You will be able to live, work and walk a few blocks to Brooklyn’s beautiful brownstone neighborhoods of Clinton Hill, Fort Greene, Prospect Heights, Park Slope and Boerum Hill. (Jason and I lived in Boerum Hill when we met. We miss it!) Map.
While many elected officials and community leaders support the project, there was community opposition when the Barclay Center/original Atlantic Yards project was announced. More interesting history of the community opposition and changes made to the project in this Curbed NY article. Community concerns included how many affordable housing units would be built, the displacement of local businesses and the possible traffic congestion it would cause. The Fort Greene Block Association and other homeowners sued over an Environmental Impact statement they claim, according to Wikipedia, that the EIS failed to study the impact of traffic on their community.
There will be an affordable housing component to many of the residential towers. Recently, the developers closed on financing for the construction of 38 Sixth Avenue, a 303 unit, 100 percent affordable apartment building.
The luxury condos, at 550 Vanderbilt, will range from 1 bedrooms from $955,000 to a 4 bedroom Penthouse, 2580 sq. ft available for $6,860,000
Living in Pacific Park, you could see the Brooklyn Nets play or a concert, drink a coffee at Hungry Ghost, stroll through the open green space or the tree-lined streets by the Clinton Hill townhouses. And when you need to travel, there is a major transportation hub a few minutes away.
To learn more about the new development or if you are interested in living in the future Pacific Park, please call me at (646) 515-9417 or email me at email@example.com
Photo credit: Pacific Park website.