The $54-billion next phase of the decades-long Atlantic Yards/Pacific Park project in Downtown Brooklyn will move forward with a new plan that adds thousands more apartments than previously proposed. The New York Business Journal reported that developers Cirrus Real Estate Partners and LCOR plan to begin construction in 2028, with the first buildings expected to be completed in 2031.
In a presentation to Empire State Development, Cirrus and LCOR proposed building 5,600 apartments, or 2,400 more than the previous proposal stipulated, including about 1,200 income-restricted units. These would be spread across six buildings surrounding Barclays Center, including a conjoined 800-foot high-rise and 540-foot tower on the corner of Flatbush Avenue and Pacific Street, reported the Business Journal.
The new plan eliminates 336,000 square feet of office space to accommodate the additional apartments. It also incorporates 140,000 square feet of retail, 20,000 square feet of community space and 240 parking spaces.
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