"Overseen by the Empire State Development agency, the 22-acre Atlantic Yards project - also known as Pacific Park - was projected to create more than 6,400 apartments in central Brooklyn. But more than two decades after it was proposed, only about half of the promised housing has materialized. That could change, thanks to a new development team proposing to build even more apartments than first envisioned."
"The Brooklyn Ascending Land Co., a joint venture led by LCOR and Cirrus Real Estate Partners, wants 9,000 apartments in all for the Prospect Heights site. The buildings would be taller than originally anticipated to enable the creation of more public open space, according to the developers. The Atlantic Yards concept was first floated in 2003 by the developer Forest City Ratner."
A new development team led by LCOR and Cirrus Real Estate Partners proposes 9,000 apartments for the 22-acre Prospect Heights site near Barclays Center. The proposal increases density above the original Atlantic Yards/Pacific Park plan and envisions taller buildings to free space for public open areas. The original Atlantic Yards plan from 2003 promised over 6,400 apartments, including 2,250 affordable units, and construction over the railyard on a platform. Greenland USA previously led the project but defaulted on loans and faced foreclosure, after which Brooklyn Ascending assumed control.
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