In September of 2015, the Empire State Development Corp. began the eminent domain process to acquire 590 Atlantic Avenue, located across from Atlantic Terminal and Barclays Center in Downtown Brooklyn, as part of the Pacific Park mega-development. A partnership between Forest City Ratner and Greenland Holdings would develop the property, currently home to two low-rise retail buildings. Right now, the site boasts 440,000 square feet of development rights, but the developers are proposing the idea to transfer 1.1 million square feet of air rights in order to build a 1.5-million-square-foot office building. According to Crain’s, the air rights transfer would have to be approved by a state review process via the Empire State Development Corp. The air rights transfer would preserve public plaza space.
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What does this translate to in terms of number of floors?
That’s very speculative at this point. All we know is the amount of air rights they have. Rachel says they have not settled on the height and density yet – https://www.dnainfo.com/new-york/20160216/prospect-heights/15m-square-foot-office-tower-planned-opposite-barclays-center-report-says. As she notes, One Vanderbilt (1.7 million sf) and 10 Hudson Yards (1.8 million sf) are in the same size range.
This is assembling the bulk of a previously approved 511-foot building (1.1M sf) on top of a previously approved 250-foot building (439,050 sf). An FAR of about 31. More than four times the bulk of the Williamsburgh Savings Bank tower.
But the NYC Planning Commission in 2006 successfully diminished the size of this building.
More about “Behemoth Brooklyn: here:
http://atlanticyardsreport.blogspot.com/2016/02/faq-what-we-knowdont-know-about.html
http://atlanticyardsreport.blogspot.com/2016/02/greenland-forest-city-seeks-to-shift.html
Looks like BK will have its next super tall.
Please no more apartments. Not until there are schools.