Weekly Digest #4: 2024's Uncertain, Too
Lots of questions about theproject's future. A high school will open at Sixth Avenue & Dean Street.
This weekly digest offers a way for people to keep up with my Atlantic Yards/Pacific Park Report blog, as well as my other coverage in this newsletter.
The links this week include my Atlantic Yards/Pacific Park 2024 preview, in which I suggest that this year is as uncertain as the last one, though we probably will see some decisions made.
Is this the year of foreclosure and renegotiation? Will New York State enforce the May 2025 affordable housing deadline?
We do know a school and some new retail spaces will open, but big questions await, including the fate of six development parcels over the Vanderbilt Yard, and perhaps also Site 5, located across Flatbush Avenue from the arena block and longtime home to the big-box stores P.C. Richard and Modell’s.
The Brooklyn Nets, after a few roller-coaster years, likely will trail the WNBA’s New York Liberty, in win percentage, at least.
There’s always a surprise with this project. This year’s could involve some kind of public bailout.
From: Learning from Atlantic Yards/Pacific Park (Substack)
Jan. 2: It's the Oversight, Right? New York State has let the developer off the hook. Why no legislative hearings?
From: Atlantic Yards/Pacific Park Report
Jan. 3: Though an intermediate school has long been planned for the B15 tower (Dean Street and Sixth Avenue, aka Plank Road), New York City now seeks to relocate Design Works High School, which opened this year, and a smaller middle school, plus a small special needs program.
A new school was supposed to mitigate the impacts of an increased population in this project.
Does that mean that another school must be built in a future tower to accommodate the eventual new population?
Jan. 4: Barclays Center releases January 2024 calendar: 16 ticketed events over 12 days (eight Nets, eight Disney On Ice). It’s pretty much the same pace as January 2023.
Jan. 5: My 2024 preview.
Jan. 6: The two-tower 595 Dean complex, which opened last year on the project’s southeast block, is offering two months free on market-rate leases.
After 14 months, though, renters face a big increase. So a $3,369 studio would cost $3,930, and a $5,966 two-bedroom would cost $6,960.