Atlantic Yards/Pacific Park Report

Might the state's recently approved 485-x tax incentive re-start Atlantic Yards/Pacific Park? Of course not. Remember, there's an expensive platform, and fines for missing affordable housing to ...

https://atlanticyardsreport.blogspot.com/2024/04/new-485-x-tax-incentive-would-require.html

Last week, the updated 2024 New York City Area Median Income (AMI) surfaced on the website (link ) of the city Department of Housing Preservation and Development (HPD), with an astounding rise of...

https://atlanticyardsreport.blogspot.com/2024/04/as-area-median-income-rises-nearly-10.html

Weren't Half the "Affordable" Apartments Supposed to Be Family-Sized? (link ) Well, in floor area, but they haven't come close. Studios and 1-bedrooms predominate.

https://atlanticyardsreport.blogspot.com/2024/04/werent-half-affordable-apartments.html

 Weekly Digest #18: This Newsletter Gets Results (link ). Empire State Development updates its housing analysis. Will new state housing policy help re-start the project?

https://atlanticyardsreport.blogspot.com/2024/04/weekly-digest-18-this-newsletter-gets.html

This is the second of two articles on the April 18 meeting of the Atlantic Yards Community Development Corporation (AY CDC), charged to advise on the project and monitor obligations. The first c...

https://atlanticyardsreport.blogspot.com/2024/04/after-transmitting-developers-flawed.html

This is the first of two articles on the April 18 meeting of the Atlantic Yards Community Development Corporation (AY CDC), charged to advise on the project and monitor obligations. The second c...

https://atlanticyardsreport.blogspot.com/2024/04/at-atlantic-yards-meeting-state-says-no.html

As I've written, the foreclosure auction of developer Greenland USA's interest in six development sites over the Vanderbilt Yard has been postponed twice, most recently until April 30 . It's li...

https://atlanticyardsreport.blogspot.com/2024/04/does-esd-have-discretion-over-potential.html

A state budget recently announced, if not fully specified, should incentivize new rental housing and also provide a lifeline to projects that started construction--put footings in the ground--und...

https://atlanticyardsreport.blogspot.com/2024/04/in-state-budget-485-x-yet-unspecified.html

My newsletter yesterday analyzed and critiqued the Atlantic Yards/Pacific Park affordable housing chart provided by Empire State Development (ESD) after a request from the Atlantic Yards Communit...

https://atlanticyardsreport.blogspot.com/2024/04/after-my-queries-regarding-affordable.html

In the past NBA season, the Brooklyn Nets dropped in attendance rank from eleventh to 21st, according to ESPN, but only saw a fractional decrease in numbers, averaging just 101 fewer fans per gam...

https://atlanticyardsreport.blogspot.com/2024/04/the-brooklyn-nets-report-nearly-99.html

A Dive Into Affordability Prompts a Metaphysical Question (from Substack). Link here . If apartments open to middle-income households rent for well below the maximum, do they qualify as moderate...

https://atlanticyardsreport.blogspot.com/2024/04/a-dive-into-affordability-prompts.html

Last year, when the deadline for applications for below-market middle-income "affordable" units at the two-tower 595 Dean St. (B12/B13) was extended , it was clear that the extension also broaden...

https://atlanticyardsreport.blogspot.com/2024/04/broadening-affordable-housing-applicant.html

It's a do-over, more or less. After the (purportedly) advisory Atlantic Yards Community Development Corporation (AY CDC) meeting March 26 could not get a quorum--but did include updates on the ...

https://atlanticyardsreport.blogspot.com/2024/04/yes-atlantic-yards-community.html

Weekly Digest #17: Another Slow Week. (link ) But at least the Triangle Building has some new advertising signage.

https://atlanticyardsreport.blogspot.com/2024/04/weekly-digest-17-another-slow-week-from.html

Last November we learned that development rights to six development sites within Atlantic Yards/Pacific Park, used as collateral for two loans to immigrant investors, were scheduled to be sold at...

https://atlanticyardsreport.blogspot.com/2024/04/was-empire-state-development-informed.html

Barely three weeks after the March 26 meeting (my coverage ) of the (purportedly) advisory Atlantic Yards Community Development Corporation, the AY CDC, which is supposed to meet quarterly but ha...

https://atlanticyardsreport.blogspot.com/2024/04/atlantic-yards-cdc-set-to-meet-again.html

For the first time since news emerged in February 2022 (link ) that a Savage X lingerie store from Rihanna would open in the long-dormant Triangle Building across from the Barclays Center, there'...

https://atlanticyardsreport.blogspot.com/2024/04/does-new-rihanna-advertising-signage-at.html

Flashback: the "Zoning Lot" Hustle. In 2017, eleven rental apartments got cheaper. That saved condo buyers down the block millions. (Link )

https://atlanticyardsreport.blogspot.com/2024/04/flashback-zoning-lot-hustle-from.html

Weekly Digest #16: Waiting for a 421-a Successor (link )

https://atlanticyardsreport.blogspot.com/2024/04/weekly-digest-16-waiting-for-421.html

A recent report (bottom) from the Center for an Urban Future and Brooklyn Org (the borough’s community-led philanthropic platform and its largest racial justice grantmaker, formerly the Brookly...

https://atlanticyardsreport.blogspot.com/2024/04/in-50-ideas-for-stronger-and-more.html

The New York State budget is late--no surprise--and thus the details of housing legislation remain unclear.  The resolution, notably a successor to the 421-a tax break that expired in June 2022...

https://atlanticyardsreport.blogspot.com/2024/04/a-return-for-421-tax-break-if-so-likely.html

More than a year ago, on Feb. 21, 2023, I wrote (link ) that the May 12, 2025 deadline to start the platform  over the Vanderbilt Yard "shouldn't be too hard to meet." After all, various plans ...

https://atlanticyardsreport.blogspot.com/2024/04/looming-may-12-2025-deadline-to-start.html

My latest newsletter, The Failure to Do Due Diligence on the Second EB-5 Loan Looms (link ).

https://atlanticyardsreport.blogspot.com/2024/04/the-failure-to-do-due-diligence-on.html

The Barclays Center last week released its April 2024 event calendar, with twelve ticketed events: four Brooklyn Nets games, four concerts, one comedy show, one boxing card, one WWE show (tonight...

https://atlanticyardsreport.blogspot.com/2024/04/barclays-center-releases-april-2024.html

Here's today's roundup, Weekly Digest #15: A Definitive Stall (link ).

https://atlanticyardsreport.blogspot.com/2024/03/weekly-digest-15-definitive-stall-from.html