Closing Bell: Greenland Forest City to Break Ground on Atlantic Yards Site Next Week
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…
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
I can’t wait to see how this develops over the next couple of years!