Sunday, February 15, 2015

Barclays Center 100% Affordable Building Set to Rise

Preparation is now underway for construction of Pacific Park’s newest building at 30 Sixth Avenue. The 23-story project will sit on the 22-acre mega-development (formerly known as Atlantic Yards) at the northeastern corner of Sixth Avenue and Dean Street. The building will house 305 rental apartments for low-, middle-, and moderate-income tenants, and include 20,000 square feet of retail space, a health-care facility, and a 73-car parking lot. Groundbreaking is set for June of 2015.

The new residential building, designed by Brooklyn’s SHoP Architects, will be a boxy 23-story building housing 305 rental apartments spread over 321,000 square feet, with an average apartment size of about 1,050 square feet – larger than most new market-rate buildings in the area.

30 Sixth Avenue will rise 218 feet into the air adjacent to Barclays Center between Pacific and Dean Streets.

All of the building’s units will be priced affordable for low-, middle-, and moderate income tenants.

The building will have a healthcare facility on the second floor, and a gym, yoga, and children’s playroom on the eighth floor, and an underground garage with parking for 73 vehicles.

Plans call for 12 apartments each on floors two through six, 16 each on the seventh and eighth floors, and 13 to 16 apartments each on floors nine through 23.

Construction is slated to get underway in June.

Despite all the setbacks with other projects at Pacific Park, the partnership between Forest City Ratner and the U.S. arm of China’s Greenland Holding Group still plan to deliver 2,250 units of housing before 2025.

Construction, which has recently kicked off at 535 Carlton Avenue, is the first sign that Greenland USA aims to stick to its ambitious timeline for completing 15 buildings on the 22-acre site by 2025, after agreeing last year to buy a 70% stake in the project.

As with 30 Sixth Avenue, all of the 298-units at 535 Carlton Avenue will be designated as affordable.

The partnership also plans to immediately begin construction on a 275-unit market-rate condo building at 550 Vanderbilt Avenue.

Greenland Holdings is not a party to the troubled 32-story B2 BKLYN modular tower that suits partially built at 461 Dean Street.

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