New York Gov. Andrew M. Cuomo (D) recently announced a plan
to accelerate construction of the residential components—including 2,250 units
of affordable housing—of the $4.9-billion Atlantic Yards transit-oriented
sports village in Brooklyn, N.Y., most of which is sited over public land.
Under the new scheme for the 22-acre development, the affordable units would be
completed by 2025 instead of 2035.
"We are putting the development of Atlantic Yards on
the fast track and expediting the construction of thousands of units of
affordable housing in Brooklyn," said Gov. Cuomo in a statement.
The June 27 announcement follows a vote by the Empire State
Development Corp., which is the public partner in the project with the
developer Forest City Ratner Cos. (FCRC), to amend the master plan for the
Atlantic Yards Project. The amendment also includes a deal to create an
advisory board, called the Atlantic Yards Community Development Corp., to
provide input on development, housing and community impact. In addition, New
York City will provide financial support to ensure the delivery of two
all-affordable housing buildings containing at least 590 units. The
construction start for these is expected by December.
The first building completed in the "sports
village" is the 18,000-seat Barclays Center Arena, which opened in fall
2012. Plans for the village, which has been delayed by lawsuits, a redesign of
the arena and the recession, include 16 buildings for residential, office and
retail space and possibly a hotel. There are 6,430 residential units in the
scheme, including 4,500 rental units. Currently, a 32-story apartment building,
on deck to be the world's tallest modular building, is up eight or nine
stories.
Most of the Atlantic Yards buildings are to be constructed
on a platform over railyards for the Metropolitan Transportation Authority's
Long Island Rail Road. Under the revised plan, FCRC will build a new railyard
on the site by December 2017, instead of December 2016. Late last month, the
MTA approved a plan to speed construction of the building foundations in the
railyard, which would allow concurrent railyard and platform construction,
according to the MTA.
On July 1, Forest City Enterprises Inc., FCRC's parent, and
Greenland USA, a subsidiary of Shanghai-based Greenland Group Co., announced
they had closed the day before on a joint venture to develop Atlantic Yards.
The agreement excludes Barclays Center and the modular tower, called B2 BKLYN.
It includes infrastructure, the MTA railyard, the platform, and all future
residential and commercial development. The deal, which gives Greenland 70% of
the project, has been approved by the interagency Committee on Foreign
Investment in the United States, housed in the U.S. Dept. of the Treasury, and
the government of China.
Source: ENR.com
No comments:
Post a Comment