News

Cost Dispute Halts Work on Modular Apartment Tower in Brooklyn - Wall Street Journal

Atlantic Yards - August 29, 2014 - 9:44am

The Real Deal Magazine (blog)

Cost Dispute Halts Work on Modular Apartment Tower in Brooklyn
Wall Street Journal
The project, Pacific Park Brooklyn, was formerly named Atlantic Yards. Forest City, which has been under pressure to start building the project's planned 6,400 apartments, looked at modular construction as a way of lowering development costs by as much ...
Clash with contractor halts work at Forest City's Pacific PlaceThe Real Deal Magazine (blog)
Construction halted on world's tallest prefab in BrooklynTreehugger
Construction Halted on Atlantic Yards ComplexNBC New York
GlobeSt.com -Field of Schemes -Yahoo News
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Atlantic Yards construction halted over dispute with construction firm Skanska - News 12 Brooklyn

Atlantic Yards - August 29, 2014 - 9:40am

Atlantic Yards construction halted over dispute with construction firm Skanska
News 12 Brooklyn
The New York Times reports that Skanska closed down shop on Wednesday, citing design flaws and extra costs. The construction firm is contracted to supply 930 modules for the 32-story tower. The building is the first of 14 planned, pre-fabricated ...

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Real estate developers learn about first-gen hardware the hard way [Links ... - Technical.ly Brooklyn

Atlantic Yards - August 29, 2014 - 8:39am

Real estate developers learn about first-gen hardware the hard way [Links ...
Technical.ly Brooklyn
Cost Dispute Halts Work on Modular Apartment Tower in Brooklyn [WSJ]: An innovative new approach to high-rise fabrication has run into serious cost overruns and halted construction of apartment high rises around the Barclays Center, according to the ...

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Primary Focus: Candidates for Assembly District 52 debate in Prospect Heights - Brooklyn Daily Eagle

Atlantic Yards - August 28, 2014 - 9:16pm

Brooklyn Daily Eagle

Primary Focus: Candidates for Assembly District 52 debate in Prospect Heights
Brooklyn Daily Eagle
The district, encompassing Brooklyn Heights, Gowanus and parts of Park Slope, is a hotbed of controversy this election season, with issues ranging from the closing of Long Island College Hospital (LICH) to the sale of libraries and development battles ...

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Construction Is Shut Down at Atlantic Yards Complex - New York Times

Atlantic Yards - August 28, 2014 - 9:11pm

New York Times

Construction Is Shut Down at Atlantic Yards Complex
New York Times
Forest City Ratner, the developer at the sprawling Atlantic Yards complex (renamed Pacific Park this month) in Brooklyn, boasted in 2012 that it had “cracked the code” sought by builders for more than a half-century, enabling the company to build ...

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Work stopped at Atlantic Yards apartment building over cost dispute - New York Business Journal

Atlantic Yards - August 28, 2014 - 9:23am

Work stopped at Atlantic Yards apartment building over cost dispute
New York Business Journal
Developer Forest City Enterprises and a Swedish contractor have clashed over the cost of building an innovative modular apartment tower at the Atlantic Yards project in Brooklyn, leading to a work stoppage on Tuesday. The Wall Street Journal reported ...

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NYC's tallest modular tower stalls out, again - Crain's New York Business

Atlantic Yards - August 28, 2014 - 5:01am

NYC's tallest modular tower stalls out, again
Crain's New York Business
Workers at FCS Modular, the company formed by Forest City and Skanska to churn out the units from a factory in the Brooklyn Navy Yard, received a notice Wednesday that they were being furloughed until further notice. If the conflict is not resolved ...

Categories: News

Work stops at Atlantic Yards as partners fight over cost - Capital New York

Atlantic Yards - August 28, 2014 - 4:22am

Work stops at Atlantic Yards as partners fight over cost
Capital New York
Work stopped Tuesday on the first residential building at Atlantic Yards in Brooklyn as a dispute over the tower's rising costs spilled into public view. The decision by the general contractor, a subsidiary of Swedish group Skanska AB, to halt work on ...

Categories: News

Stop-Work Notice Issued for Pacific Park Tower - NY1

Atlantic Yards - August 27, 2014 - 10:43pm

NY1

Stop-Work Notice Issued for Pacific Park Tower
NY1
It was previously known as Atlantic Yards. The tower is being constructed using modular units made at a factory in the Brooklyn Navy Yard. FCS Modular blames Skanska for work stoppage, with a spokesman saying, "Skanska entered into a construction ...

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US runs out of investor visas as Chinese overwhelm program - WPTZ The Champlain Valley

Atlantic Yards - August 27, 2014 - 9:29pm

US runs out of investor visas as Chinese overwhelm program
WPTZ The Champlain Valley
Supporters say immigrant investors have provided an important alternative source of financing, pouring at least $5 billion into jobs and projects from Brooklyn's Atlantic Yards real estate development to a Texas peanut company. On top of that, these ...

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After 11 Years of Controversy, Atlantic Yards Becomes Pacific Park Brooklyn - Next City

Atlantic Yards - August 26, 2014 - 11:41am

After 11 Years of Controversy, Atlantic Yards Becomes Pacific Park Brooklyn
Next City
Big real estate projects sometimes go through name changes, but the announcement August 4th that the Atlantic Yards mega-development near downtown Brooklyn, which has faced steady controversy since it emerged in 2003, would become Pacific Park ...

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Saving Brooklyn from itself - New York Daily News

Atlantic Yards - August 25, 2014 - 7:10pm

New York Daily News

Saving Brooklyn from itself
New York Daily News
3) No more mega-projects, like Atlantic Yards, Hudson Yards and Willets Point, that inevitably are built by big developers with expertise in extracting gifts and concessions from the city. Mayors often push such arrangements because they gain control ...
Capital Playbook: Fox pushes college football in New YorkCapital New York

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NetsDaily Off-Season Report #15 - NetsDaily

Atlantic Yards - August 24, 2014 - 12:35am

NetsDaily Off-Season Report #15
NetsDaily
Here's an overview of current projects, courtesy of Atlantic Yards (Pacific Park) Report. One saving grace...the ... Atop the eighth floor of a century-old warehouse in Brooklyn's Industry City, it has spectacular views of Lower Manhattan and the ...

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NY building shows how mod design stacks up as cool - Charleston Post Courier

Atlantic Yards - August 23, 2014 - 11:18pm

NY building shows how mod design stacks up as cool
Charleston Post Courier
And the pioneering 32-story, 363-apartment "B2" is under construction as the first residential tower in the massive Atlantic Yards development, which includes the Brooklyn Nets' arena. B2 is due to be finished in late 2015, more than a year after ...

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NY building shows how mod design stacks up as cool - Charleston Post Courier

Atlantic Yards - August 23, 2014 - 11:18pm

NY building shows how mod design stacks up as cool
Charleston Post Courier
And the pioneering 32-story, 363-apartment "B2" is under construction as the first residential tower in the massive Atlantic Yards development, which includes the Brooklyn Nets' arena. B2 is due to be finished in late 2015, more than a year after ...

Categories: News

NY apartment building shows modular design - Ocala

Atlantic Yards - August 23, 2014 - 5:43am

NY apartment building shows modular design
Ocala
The world's tallest modular building, a 32-story apartment tower, is rising in Brooklyn. Advocates say modular building can trim costs and timetables — module factories don't have to worry about bad weather — and make construction more consistent ...

Categories: News

EB-5 backs big NYC project - ecns

Atlantic Yards - August 22, 2014 - 4:03am

ecns

EB-5 backs big NYC project
ecns
Through the investor immigrant visa program - or EB-5 - Chinese investors have already had a big impact on the Big Apple, including the Barclays Center at the Atlantic Yards Project in Brooklyn and the Kingsbridge Armory redevelopment plan in the Bronx.

Categories: News

Wealthy Immigrants Could Be Funding the Next U.S. Sports Arenas - OZY

Atlantic Yards - August 21, 2014 - 1:33am

Wealthy Immigrants Could Be Funding the Next U.S. Sports Arenas
OZY
EB-5 financing was used to fund a portion of the massive Atlantic Yards project in Brooklyn, which included the $1 billion construction of the Barclays Center, home of the NBA's Brooklyn Nets. American Life recently finished a 400-room hotel ...

Categories: News

Opinion: Foreign Investment in U.S. Real Estate Widely Under-Reported - Fox Business

Atlantic Yards - August 20, 2014 - 8:53am

Opinion: Foreign Investment in U.S. Real Estate Widely Under-Reported
Fox Business
In Brooklyn, New York, Greenland Holdings of China is purchasing a 70% stake in the Atlantic Yards, a Forest City Enterprises development, for approximately $200 million. Oxford Properties, the Ontario-based investor, is partnering with the Related ...

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Opinion: Foreign Investment in U.S. Real Estate Widely Under-Reported - Fox Business

Atlantic Yards - August 20, 2014 - 8:53am

Opinion: Foreign Investment in U.S. Real Estate Widely Under-Reported
Fox Business
In Brooklyn, New York, Greenland Holdings of China is purchasing a 70% stake in the Atlantic Yards, a Forest City Enterprises development, for approximately $200 million. Oxford Properties, the Ontario-based investor, is partnering with the Related ...

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