Yesterday, major news was announced regarding Mary Anne Gilmartin’s departure from Forest City Ratner, as she joined forces with Robert Lapidus and David Levinson to form L&L MAG, a new venture that will draw on the talents of all three executives and a host of other talent. The firm also launched its new website, which features a fresh rendering of the full build-out of the Pacific Park mega-project, surrounding Barclay’s Center in Downtown Brooklyn, which has undergone substantive changes to its final appearance, including the addition of what could become one of the neighborhood’s tallest towers.
After four years of delayed construction, financial missteps, and lawsuits, Forest City Ratner and Greenland U.S.A. are finally welcoming tenants into 461 Dean Street, currently the tallest skyscraper in the world constructed with modular units. The 32-story tower on the edge of Prospect Heights and Park Slope offers sweeping views of brownstone Brooklyn, but its lengthy construction saga highlights the myriad issues facing developers who want to build with modular construction.
The 23-story, 303-unit mixed-use building under development at 38 Sixth Avenue, at the corner of Dean Street in Prospect Heights, has topped out. Three months ago, the structure was merely two stories above street level. It now encompasses 341,595 square feet. It will host 8,700 square feet of retail space and medical offices on the ground floor, followed by 303 affordable residential units. All of the rental apartments will rent at below-market rates through the housing lottery. Amenities include a 73-car underground garage, space for a whopping 400 bikes, private residential storage space, a fitness center with a yoga room, a children’s playroom, and a terrace on the 16th floor. Greenland Forest City Partners, comprising of Greenland USA (the US branch of Shanghai-based Greenland Group) and Forest City Ratner Companies, is the developer. The duo are heading the 17-building Pacific Park mixed-use mega-development, of which 38 Sixth Avenue is a part. SHoP Architects is behind the design. Completion can probably be expected later this year or in early 2017.
In December of 2015, YIMBY reported on the topping out of the 17-story, 278-unit residential building underway at 550 Vanderbilt Avenue, in Prospect Heights. Now, the structure, which is one of 17 buildings within the Pacific Park mega-development, is having its façade and windows installed, Brownstoner reports. The structure encompasses 359,625 square feet. It includes a 4,731-square-foot ground-floor retail component, and its residential units, which are condominiums, should average 1,173 square feet apiece. The units will come in studio to four-bedroom configurations. Amenities include a library, a lounge with outdoor terraces, a private dining room, a fitness center, a children’s playroom, a landscaped roof deck, an interior communal garden, and an underground parking garage. A partnership between Forest City Ratner Companies and Greenland USA are developing, while COOKFOX Architects is designing. Completion is expected later this year.
In February, the 32-story, 363-unit mixed-use modular tower under development at 461 Dean Street, in Prospect Heights, had reached its 25th story. Now, the 348,269-square-foot building has finally topped out, with the last modular unit installed earlier this week, Curbed NY reported. The project was the first of 15 towers to begin constructed as part of the Pacific Park mega-development. There will be 32,678 square feet of commercial space split between retail on the ground floor and storage space for the Barclays Center on floors two through six. The rental apartments should average 660 square feet apiece, and 181 of them will rent at below-market rates through the housing lottery. Amenities include a bike storage room, private residential storage, laundry facilities, a fitness center, an entertainment room/lounge, a children’s play room, and a common outdoor terrace on the 20th floor. Forest City Ratner Companies (a branch of Forest City Realty Trust) is developing, with SHoP Architects behind the design. Completion is expected this fall.