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Major development: Forest City Ratner will restart work at the stalled B2 modular tower whose construction problems led to lawsuits between it and former partner Skanska.

It will start by “tightening up the tolerances” of the current top floor of modules, then it will realign some modules, and possibly lift and reset some modules with the crane, wrote the Atlantic Yards/Pacific Park Report, based on a construction bulletin. That will set the stage for stacking the next bunch of modules, to build the 11th, 12th and 13th floors.

Mind you, this doesn’t mean Forest City is admitting there’s an issue with the design, just that they’ve solved whatever the problem was.

Work will resume at the site on the first of April, weather permitting, the bulletin said. Click through for more photos of the stalled tower. We took them in late January.

Modules in B2 Prefab Tower Must Be Realigned [AYR]

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Now that spring is almost here, the Municipal Arts Society is organizing tours of three very different Brooklyn areas —Prospect Heights/Atlantic Yards, Bushwick and Bed Stuy. First, preservationist Joe Svehlak will explore historic row houses and churches as well as new developments, like Rheingold Gardens, in Bushwick. The tour will discuss potential landmarks and Bushwick’s history as a German community known for breweries.

Then journalist Norm Oder, who’s behind the Atlantic Yards Report, will explain the politics, design, and decade-long controversy behind the Atlantic Yards/Pacific Park project. He’ll also touch on part of the nearby Prospect Heights Historic District and retail changes in the area.

Lastly our very own Montrose Morris columnist, Suzanne Spellen, will lead a tour of Bedford Stuyvesant with preservationist and real estate agent Morgan Munsey. Attendees will learn about the history and culture of Bed Stuy. Expect a healthy dose of architectural history and insights into buildings designed by some of Brooklyn’s finest 19th and early 20th century architects.

The tour of Bushwick will take place Sunday, March 22 at 11 am, followed by the Atlantic Yards tour at 2 pm. The Bed Stuy tour will happen on Sunday, March 28 at 2 pm. Each tour costs $20 or $15 for MAS members, and tickets can be purchased through the MAS website.

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Pacific Park/Atlantic Yards’ first condo building, 550 Vanderbilt Avenue, will launch sales this summer, a rep told us. Prices will start roughly in the range of $550,000 and go all the way up to around $5,500,000, according to a teaser site that went live last week.

A few more details: Units will range from studios to four-bedrooms and include penthouses and maisonettes. The design will incorporate “minimal and elegant detailing” and “a strong connection to nature,” according to the copy, as well as views of the eponymous Pacific Park that will span eight acres next door. Amenities include a landscaped roof terrace on the eighth floor, residents’ lounge with fireplace, children’s playroom, chef’s kitchen for entertaining and private events, and a fitness center.

Construction will wrap in June 2016, according to a spokesperson.

As we have already reported, the luxury condo development will rise 17 stories and house 278 apartments. There will also be a pool, locker rooms, a shared library, common roof terrace and 198 bike storage spots.

The 100 percent affordable rental building next door at 535 Carlton Avenue, also designed by COOKFOX, is also supposed to wrap in June 2016.

Click through to see a rendering of the whole building.

550 Vanderbilt [Official]
Atlantic Yards Coverage [Brownstoner]
Renderings by COOKFOX

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30 6th avenue rendering

Greenland Forest City Partners filed permits yesterday for the 23-story affordable rental building at 30 6th Avenue, on the corner of 6th and Dean Streets, firming up the details of plans released, along with the above rendering, months ago. The Real Deal was the first to spot the permits.

The Atlantic Yards/Pacific Park building will rise 218 feet into the air with a total of 341,595 square feet. The 305 apartments will be spread across 321,337 square feet of residential space; commercial square footage will total 20,000. The development will also have 73 subterranean parking spots and a medical facility on the second floor.

As previously announced, SHoP is the architect of record on the project, which will break ground by June 31.

Forest City Moves to Build 23-Story Resi Building at Pacific Park [TRD] 
Atlantic Yards Coverage [Brownstoner]
Rendering by SHoP Architects

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You may have thought everyone in the Atlantic Yards/Pacific Park footprint had already moved, but nope, there are a few households still left. The state already seized title from seven of the remaining properties, a few of which are residential, above, and there are at least two families still living in them. One of these has a newborn. Also, the three houses at 491-495 Dean Street, above, are good-looking 19th century buildings.

And guess what? The remaining families want equivalent homes somewhere else in Prospect Heights, which would cost about $3,000,000 or so each. The state says they should be satisfied with a $1,500,000 property in Bed Stuy or Crown Heights, said the Atlantic Yards/Pacific Park Report, which attended a hearing on the matter Thursday. One of the owners pointed out his property is worth even more as a development site for a skyscraper.

We were surprised to read all this, knowing that condo owner and anti-Atlantic Yards activist Daniel Goldstein and others got much more for their slighter holdings.

By the way, P.C. Richard and Modell’s will also be condemned, to make way for a 250-foot tower.

What do you think would be fair compensation for the homeowners?

Nearly All in Atlantic Yards Footprint Have Left; State Moves Toward Residential Eviction [AYR]
Photo by AYR

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Forest City has resumed work on the stalled B2 tower at Pacific Park (née Atlantic Yards), according to The New York Daily News. The article, however, was thin on specifics of exactly what work has been resumed. As far as we can deduce, it means the employees who have been hired — or rehired — so far are now reporting for work every day.

Forest City has, presumably, had plenty of time during this pause to fine-tune any issues with the way the modules fit together – although they always said the design is not the issue — so perhaps they’ll soon start churning them out and stacking them high. We’re watching with interest.

Forest City Ratner’s Modular Brooklyn Tower Is Back on Track [NY Daily News]
Photo by Field Condition

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Construction officially kicked off at the second affordable Atlantic Yards/Pacific Park building at a groundbreaking ceremony this morning at 535 Carlton Avenue in Prospect Heights. Greenland Forest City Partners also launched a fancy new website for Pacific Park and published new renderings for 535 Carlton Avenue as well as a new rendering and more information about another forthcoming building, 30 6th Avenue, pictured above.

It will rise 23 stories and, as already reported, have 300 units, all of which will be affordable. It will, like the arena and the stalled B2 tower, be designed by SHoP Architects and house the development’s health care center and shops, plus underground parking, according to the website. It is scheduled to break ground in June.

Several local politicians attended the groundbreaking for 535 Carlton, including Mayor de Blasio, Council Member Laurie Cumbo, and Borough President Eric Adams, according to a press release we received. As already reported, the 17-story 100 percent affordable rental building will have 298 units. Fifty percent of the building will rent to families making between 145 and 165 percent of the area median income, which ranges from $121,655 to $138,435 for a family of four, according to DNAinfo. The other half of the apartments will be set aside for middle- and low-income families who make 40 percent of the area median income, or as little as $33,560 for a family of four.

Click through to see a previously published rendering of 535 Carlton, some new exterior renderings, and a photo of the groundbreaking today.

Pacific Park [Official]
Atlantic Yards Coverage [Brownstoner]
Rendering above by SHoP; renderings below by CookFox; photo via mayor’s office (more…)

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Greenland Forest City Partners will break ground next week on the newest piece of Atlantic Yards/Pacific Park, a 100 percent affordable building at 535 Carlton Avenue. A groundbreaking ceremony is set for next Monday, and construction starts Tuesday, according to Atlantic Yards Report.

Construction on 550 Vanderbilt Avenue, the market-rate building planned for the big lot between Pacific, Dean, Carlton and Vanderbilt Avenues will also start Tuesday, a spokesperson for the partners confirmed. Overall, the two developments will bring 298 affordable rentals and 282 market rate ones to the block-long property.

CookFox is designing both of the 17-story towers. Greenland Forest City just finished knocking down a big warehouse at 752 Pacific Street to clear the way for construction.

Atlantic Yards Coverage [Brownstoner]
Photo via Greenland Forest City Partners

752 Pacific Street After

The big warehouse at 752 Pacific Street in Prospect Heights is now gone, demolished to make way for two Atlantic Yards (aka Pacific Park) buildings, according to a rep from Greenland Forest City, who sent us these photos. Demolition of the 70,000-square-foot building began two weeks ago at the large site between Carlton and Vanderbilt Avenues, as reported.

Two buildings are planned for the property — an affordable development at 535 Carlton Avenue and a market-rate one at 550 Vanderbilt Avenue. Click through to see what the warehouse looked like.

Greenland, Forest City Start Demo on Pacific Street [Brownstoner] GMAP
Photos by Greenland Forest City

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Forest City Ratner and Skanska are discussing a buyout deal and have already set a price, although other terms are still under negotiation, according to a letter Skanska sent to the judge overseeing the former partners’ lawsuits over the stalled modular B2 tower. In fact, a closing date was set for Monday, Atlantic Yards Report reported. There has been no announcement from either party, so perhaps the closing has not yet taken place.

Forest City would buy out Skanska, freeing up Forest City to restart construction on the stalled tower. A buyout deal could include compensation for cost overruns the two have been fighting about in court and put the lawsuits to rest.

Forest City Seems Ready to Buy out Skanska’s Interest in Closed Modular Factory; Deal Could Close Tomorrow [AYR]
Skanska Coverage [Brownstoner]
Photo by Field Condition

Update: We have just received a statement from Skanska. It says: “Today FCRC Modular LLC and Skanska Modular LLC announced that FCRC Modular LLC will purchase the ownership interest of Skanska Modular LLC in their jointly owned modular factory business in the Brooklyn Navy Yard, FC+Skanska Modular LLC, for an undisclosed amount. The agreement, achieved through mediation with Roger J. Peters, Esq., marks the end of the companies’ partnership at the modular factory and makes FCRC Modular the sole owner and manager of the modular business. Litigation between the companies over the B2 Project will continue and is not impacted by this agreement.”

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Greenland and Forest City Ratner Friday started demolishing the big old warehouse at 752 Pacific Street to make way for two apartment buildings planned for the block between Carlton and Vanderbilt Avenues — a large piece of the Atlantic Yards/Pacific Park development. A representative for Forest City Ratner sent us these photos of the demolition.

The 100 percent affordable 535 Carlton Avenue and market-rate 550 Vanderbilt Avenue will both rise on this property, bringing a total of 580 apartments, 298 of which will be affordable. The rep revealed that two other buildings (“B13 and B14″) are tentatively planned for the site as well, but permits haven’t been filed yet. Click through to see more.

Photos via Forest City Ratner

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Forest City Enterprises is selling its 55 percent majority stake in Barclays Center, according to Street & Smith’s Sports Business Journal. Possible candidates include Nets owner Mikhail Prokhorov, who already owns 45 percent of the arena, or the new owners of the Islanders. No price has been named, but investment banking sources quoted by SBJ speculated $750,000,000 would be the top valuation, based on an estimated $30,000,000 in annual cash flow.

Atlantic Yards Report called the sale “curious,” considering the center cost more than $845,000,000 to build, according to various estimates. What do you make of it?

Barclays Center for Sale [SBJ]
Breaking: Ratner’s Selling Share of Barclays Center (at a Loss?) [AYR]