An Arena Grows in Brooklyn
An Arena Grows in Brooklyn
A lot of bombast has been spread on both sides of the great Barclays Center battle of the past decade, but Andrea Peyser manages to take the cake as she always does, along with the amazing “photo composite” the Post put together of Bruce Ratner as ring leader. Cue Ms. (or is it Madame?) Peyser: Read More
It could be the biggest thing to come to Atlantic Yards since Barbara Streisand and Justin Beiber announced they would be playing concerts at the Barclays Center this fall. While everyone (but the neighbors and former neighbors) is looking forward to the opening of the new arena, Forest City Ratner now has its eyes trained across the street, to the two malls it owns there.
Once work on the arena is complete, the difficult task of moving forward with the adjoining apartment buildings lies ahead. But as interest in the area’s retail has boomed in anticipation of the new 18,000-seat venue, Forest City Ratner has also accelerated plans to redevelop the Atlantic Center and Atlantic Terminal malls.
“It’s an obvious opportunity,” MaryAnne Gilmartin, Forest City’s executive vice president, told The Observer. “One of the many things we think about is the impact the arena will have, and how we can help create a holistic neighborhood at Atlantic Yards from there.”
THERE GOES THE NEIGHBORHOOD
In a move that should shock no one, the developers of Atlantic Yards and Willets Point are dragging their feet when it comes to building the affordable housing components of their projects, The Wall Street Journal reports.
Atlantic Yards, crying “bad market,” has repeatedly delayed breaking ground on the 2,250 low- and middle-income units that were a major part of pushing the project through.
And Willets Point, promising another 1,750 affordable units, may finally have a development deal, but it will be a long time before any housing goes up. Housing is scheduled for the third stage of construction, long after the large retail center and hotel are finished.
Much attention has been paid to the changes the Barclays Center has wrought on the surrounding brownstone neighborhoods: eminent domain evictions, property values both falling and rising, construction noise, a starchitect fight and a rat tsunami. Yet nothing could have prepared the borough of kings and kombucha for this: Hooters “desperately” wants to open an outlet near the new Nets arena.
An Arena Grows in Brooklyn
Imagine, if you will, the landscape of New York City 15 years hence. A drive to Citi Field in Willets Point takes you past a pleasant if overpriced cluster of residential buildings, rather than seedy chop-shops. Roosevelt Island is home to a sprawling $2 billion applied-sciences campus spinning out an army of developers to populate ping-pong-table-clad start-up clusters from Dumbo to Union Square. On Manhattan’s far West Side, the rezoned stretch of Hudson Yards offers millions of square feet for office space, housing and retail and 14 acres of open public space. You can already see traces of a more built-up, scrubbed-down New York in Luna Park’s freshly-painted Scream Zone, the first new roller-coasters Coney Island has seen in 80 years, and the rapidly-metastasizing arena at Atlantic Yards, which will soon play home court to the rebranded Brooklyn Nets.
It’s hardly a scenario Seth Pinsky could have imagined in September 2008, when Lehman Brothers collapsed just seven months into his tenure as president of the New York City Economic Development Corporation (EDC), a not-for-profit arm of the Mayor’s office charged with fostering economic growth across the five boroughs.
At the time, Mr. Pinsky was a 36-year-old former lawyer and investment analyst, only a few years removed from a private sector gig refinancing real estate deals for the big banks as an associate at Cleary Gottlieb. He had one big win under his belt—jump-starting the World Trade Center redevelopment project—but he didn’t have “a political bone in his body,” as one insider put it. “People kept saying to me, ‘Wow, you’re the head of the Economic Development Corporation? We’re in an economic meltdown!’’ Mr. Pinsky told The Observer.
“At the time it meant, ‘You must be really crazy.’”
The issue of parking and traffic is always a problem in New York. If you aren’t renting a space for an exhorbitant price, then chances are that you are driving around the block a few dozen times. (Unless you are in the Bronx, then you just park wherever on the street.) But no other borough likes to hoot and holler over traffic more than Brooklyn.
The construction of the Barclays Center is no exception, the Post reports:
New York is not much of a hockey town. The Rangers are the top team in the league right now, and still the awfulness of the Knicks gets more attention. The Super Bowl is sucking up a lot of air time, but even if the Rangers win the Stanley Cup—their first since 1994, second since 1940—the back pages of the tabs will still spend most of their time on off-season baseball news. Sean Avery’s sartorial choices attract more attention than a Henrik Lundqvist shut out.
Thus The Observer almost slipped on the ice in surprise when two reports surfaced yesterday about hockey coming to some unlikely places.
Yesterday, Forest City Ratner developer Bruce Ratner escorted Commercial Observer staff writer Daniel Geiger and photographer Kiki Conway on a tour of the Atlantic Yards arena. While Mr. Ratner was evasive when faced with specific questions about the project and construction timeline, the pictures are revealing. Indeed, with arena seating now underway, Read More
A chauffered Lexus LS sedan pulled up to the corner of Dean Street and Flatbush Avenue and out slid Bruce Ratner from the back seat. He was 15 minutes late.
An NYU administrator is accusing the school for failing to honor her promotion after she claimed that then-New York University Schack Institute dean James Stuckey sexually harassed her in a 2011 incident, according to a lawsuit filed in New York State Supreme Court.
Stephanie Bonadio, 34, alleges that Mr. Stuckey had “forcibly placed her hand on his crotch and his erect penis” while the two were discussing her recent promotion at a dinner at The Strip House on September 23, the suit says.