Rendering of 18 Sixth Ave. at Pacific Park/ Image credit: Greenland Forest City Partners
NEW YORK CITY—Greenland Forest City Partners and the Brodsky Organization are developing 18 Sixth Ave. at Pacific Park, the new 22-acre, mixed-use neighborhood in Downtown Brooklyn. The sprawling development was formerly called Atlantic Yards.
The joint venture is immediately beginning construction of the Perkins Eastman designed project. Located at Atlantic and Sixth avenues, the ambitious development will have 859 units of mixed-income housing, including 258 units of affordable housing. Rising to higher than 500 feet, 18 Sixth Ave. will be Pacific Park's largest residential building to date. Construction is expected to be completed in 2022.
In addition, the Brodsky Organization has also begun construction at 664 Pacific St. This project which is also part of the Pacific Park development includes a mixed-income rental residential building, open space and a new public school.
To date, Pacific Park has opened four residential buildings: 550 Vanderbilt is a COOKFOX Architects-designed luxury condominium; 535 Carlton Ave. and 38 Sixth Ave. are two 100% affordable rental buildings with nearly 600 rental units; and 461 Dean St. is marketed as the tallest modular apartment tower in the world.
In addition, BKLYN CLAY, Brooklyn's largest ceramics studio has set up shop at 535 Carlton; and a New York-Presbyterian Brooklyn Methodist Hospital branch stands at 38 Sixth Ave.
In total, Pacific Park plans to comprise 6,430 units of housing including 2,250 units of affordable housing, office space, retail, community facilities and eight acres of public open space. The site is anchored by the Barclays Center arena and the Atlantic Terminal transit hub.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
