After sitting almost-vacant for years, the Carlyle Group-owned Atlantic Telecom Center at 470 Vanderbilt Avenue in Fort Greene will be going residential if negotiations with City Planning conclude without a hitch. Although details are sketchy at this point, we’re hearing that the D.C.-based private equity firm has recently brought in a new partner to reposition the property, which currently has some 700,000 square feet of unleased space. We’re also hearing that there could be some office, retail and possibly cultural space in the mix—in addition to several hundred rental apartments. No word on whether there will be an affordable housing component but we’re betting there will have to be to make the deal politically palatable. This could be just the boost this beleaguered stretch of Fulton Street needs. GMAP P*Shark