Pacific Park’s next phase of development makes progress
Work on the tallest building at the 22-acre Brooklyn megadevelopment will begin in the spring of 2019
The next phase of Brooklyn’s Pacific Parkmegaproject is moving forward with construction on the first new set of buildings expected to get underway early next year. Developer Greenland Forest City Partners announced a partnership with TF Cornerstone and the Brodsky Organization, to develop some of the sites at the megaproject.
As part of the agreement, Greenland Forest City Partners will sell 615 (parcel B12) and 595 (parcel B13) Dean Streets to TF Cornerstone; and 664 Pacific Street (parcel B15) to Brodsky. The sales are expected to close by the end of this year. Together, the three sites will see the creation of three rental buildings, one new school, and public open space.
Greenland Forest City Partners also announced that it’s now ready to move forward with work at the B4 site, next to the Barclays Center. Earlier this year, the developer officially ditched plans to use that site for new office space, and decided to stick to residential development. The team has now chosen Perkins Eastman to design the new building, which will be located at 18 Sixth Avenue, at the intersection of Atlantic and Sixth Avenues. At over 500 feet, the building will be tallest within the Pacific Park development, when it is complete.
Greenland Forest City Partners is also advancing other aspects of the megadevelopment; the firm has begun design work on the platform that will house the remainder of the development, aside from the projects mentioned above (sites B5-B10).
So far, four buildings have opened at the Pacific Park megaproject. In all, the development will bring 6,430 units to the neighborhood including 2,250 units of affordable housing. In addition, Pacific Park will also have retail, office space, community facilities, and eight acres of publicly-accessible open space.