Ratner Beefing Up Residential Part of Plan

NY Post, May 27, 2005 — The developer who hopes to bring the Nets to Brooklyn has proposed adding another 1,500 condominiums to the already-planned 4,500 apartment rentals on the 21-acre Atlantic yards site. “We have been out and we have met with the community extensively. One of the things we have heard and been educated about . . . is, in fact, there is a dire need for residential development in our plan,” Jim Stuckey a vice-president of developer Bruce Ratner’s company, told the City Council yesterday. The 19,000-seat Nets arena which anchors the project, will cost $3.5 billion.
‘Net” Gain in Brooklyn Condos [NY Post]