Atlantic Yards Environs Booming in Anticipation
The Daily News is reporting that developers have”at least two dozen” condo projects on the drawing board in the area surrounding Bruce Ratner’s Atlantic Yards project. One developer, Eli Karp, alone is building five separate buildings alond the stretch of Pacific Street between Grand and Washington. “I decided, why wait for the arena?” Karp said….
The Daily News is reporting that developers have”at least two dozen” condo projects on the drawing board in the area surrounding Bruce Ratner’s Atlantic Yards project. One developer, Eli Karp, alone is building five separate buildings alond the stretch of Pacific Street between Grand and Washington. “I decided, why wait for the arena?” Karp said.
In the same article, we get a much-needed update on sales at The Washington Condos, where Aguayo & Huebener trumpets their success at being able to sell 28 of the 39 units from architectural plans. Even more interesting, the article notes that prices have been raised five times and are now range from $575 to $700 a foot. We also learn that Jerry Minsky sold the three-story brownstone at 181 Prospect Place in 48 hours.
Condos Rise While Ratner Fights [NY Daily News]
Development du Jour: Pacific Blue [Curbed]
adn
Sorry I’ll change it –
I predict “Anti-AY folks …will instantly ignore their never ending [NON-PRIMARY]claim that no one is going to want to live near a 15 year construction zone and AY will destroy neighborhood; to take this article as proof that AY is not needed as development will take place w/o Ratner”
I have discussed your “main” arguments on this board and elsewhere ad-nauseum, so your claim that I am only focused on this petty flip-flop is ridiculous.
I was at an open house in a building on Eastern Parkway a couple of weeks ago and the broker was touting the Prospect Heights area as the region of choice for starchitects — cited Richard Meier and Frank Gehry. My client got a little freaked out at the prospect of so much construction, at which point he quickly changed his tune to, “Of course from here you’ll never notice the Atlantic Yards project.” The apartment needed too much work for her anyway, but she was turned off by the broker’s approach as well.
David,
This idea that Ratner’s proposal would stop “development cause no one is going to want to live near 15 yrs of construction and/or the AY after completion” is just a secondary argument against the project, like the concerns over underground parking leading to a truck bomb attack. It’s not the main issue.
The primary arguments against the project are the massive govt subsidies, the threat and use of eminent domain, and the lack of city oversight and planning in the development process. Regardless of whether you support the Ratner idea, the more you learn about these three areas of concern, the more you have to be very worried about the Atlantic Yards proposal — that is, if you actually care about the neighborhoods around it.
But if you want to stay focused on these petty, he-said, she-said kind of arguments, that’s understandable. That’s pretty much how important policy gets debated in the US these days.
Though there are plenty of folks out there who would have you believe otherwise (many of them are on the payroll of the developer — BUILD, ACORN, the ESDC), there’s really no reason why we can’t have jobs, affordable housing and a decent, healthy, community-oriented development atop the Vanderbilt Railyards.
This listing (condo State/Atlantic) mentions proposed new development in area including ‘sports’… so must be referring to proposed arena
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=823113
No one said they were being “marketed” w/ the arena proposal – I said that you Anti-AY will ignore your past arguments that the AY proposal will STOP development cause no one is going to want to live near 15 yrs of construction and/or the AY after completion AND that you will ignore the spark that the $1 Billion+ investment that AY represents.
The fact that the developer (Karp) bought all of the property he is now developing in 2005 seems to suggest that developers do not view AY as the negative all of you naysayers claim. (and is evidence of the development spark that AY is)
BTW – didnt take long b/4 prediction fufilled
adn said it best. there is no proof. as a matter of fact i think most brokers are steering way clear of playing up Ratnerville to potential buyers. buyers don’t buy in brooklyn to live next to such a behemoth.
and yes, this article IS proof that the area is not blighted and doesn’t need the government’s abusive jump start of eminent domain to further more development. development is doing just fine without eminent domain. THAT is inarguable.
david,
first off, its not ratner’s hundreds of millions that are being invested in the area. if you pay taxes, its your hundreds of millions. he’s got about $1.9B in subsidies wrapped up in a $3.5B project.
but forget the axe-grinding: can you show some evidence that these new luxury condos are being marketed with the promise of ratner’s development plan as enticement? i haven’t seen any such marketing. what i see being marketed are the bistros on fifth avenue, the little shops on atlantic avenue, the coming of the gowanus whole foods and those more organic, small-scale developments. i don’t see brokers emphasizing, “hey, you’ll live next door to a massive, inconsiderately designed arena with loading docks and blank walls facing the street!” but maybe i haven’t seen it. have you actually seen this kind of marketing?
You’re full of yourself! Any new development in Prospect Heights is supported by itself and the neighborhood and not by the proposed arena.
David,
They’re one step ahead of you. NoLandGrab is already using this article to advance it’s “no blight” agenda.