Barclays Center Luxury Suites Hit the Market
The Times has an article about sales starting for luxury suites at Barclays Center, the planned future home of the Nets in Atlantic Yards. A model suite was unveiled at a showroom in the Times’ Forest City Ratner-developed HQ in Midtown yesterday, and the paper reports that Jay-Z inked a deal for one of the…
The Times has an article about sales starting for luxury suites at Barclays Center, the planned future home of the Nets in Atlantic Yards. A model suite was unveiled at a showroom in the Times’ Forest City Ratner-developed HQ in Midtown yesterday, and the paper reports that Jay-Z inked a deal for one of the 12 priciest ones, which are each going for a cool $540,000. The 130 suites are being offered as rentals for 5-, 7-, and 10-year terms, and the average rent on them is $300,000. The article’s mention of the likely delays Atlantic Yards is facing is restricted to the following two sentences: “Brett Yormark, president of Nets Sports and Entertainment, said demand was ‘good’ for the suites and that he did not expect sales to be hurt by the wait to build the $950-million arena, the centerpiece of the $4 billion Atlantic Yards development, which is planned by Bruce C. Ratner, the Nets’ principal owner. Construction on the arena is expected to start later this year, assuming that financing being arranged by Goldman Sachs has been completed.” Atlantic Yards Report writes that “the news coverage could’ve used more skepticism,” noting that Goldman financing won’t happen until three lawsuits against the mega-project are settled.
No Nets Arena Yet, but Suites Are on Sale [NY Times]
Suites Go On Sale, Timing Unquestioned, Ticket Prices Rise, Parking Prized [AY Report]
Rendering from barclayscenter.com
Oopps popped back up again sorry love!
booooring – this anti-AY moaning is so 2007. you barnacles need to find something more relevant to complain about now that ratner has squashed you. squish.
It’s really heartwarming that we’re donating money from schools and roads to give subsidies to Ratner. It’s also so nice for the NY Times to run a free advertisement for their business partners, FCR. They haven’t run recent news stories, but they are kind enough to run a fluff piece to drum up sales of the suites.
There’ll be plenty of seats available… in Newark.
Canceling all arts funding to make up the $2 billion handout to Ratner is certainly . . . novel. Teeny problem is Ratner’s $2 billion subsidy is 15-20 times to total arts budget for the city.
Granted, we could certainly close every institution that receives any subsidy at all for the next 20 years. Might be a bit of an economic hit there. But maybe the millions of tourists that used to come to New York every year for the culture could just go to a Nets game instead? There’ll be plenty of seats available.
It’s all about putting an end to that scourge of society, chafing dishes!
http://www.dddb.net/php/latestnews_Linked.php?id=1450
Wonder if they get their money back if Ratner files for bankruptcy…
11:06 am – make sure to let us know when your house goes on the market. we’ll tell all the potential buyers know why you’re selling, just to be fair, and then we’ll scoop your place up for $500K!
Hmm this sounds pretty elite, doesn’t sound like an affordable housing project. Me thinks these are the true nimbys. Maybe Jay Z is going to invite all the union folks and job seeking people to a game?