The Real Deal New York

Atlantic Yards railyard towers will wait for seven other apartment buildings to rise

October 23, 2012 11:00AM

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Atlantic Yards

The six towers designated to cover up the Atlantic Yards railyard will not be constructed until seven other buildings are built, according to the Atlantic Yards Report. This revelation marks a change in the development schedule.

An infographic on the Atlantic Yards Report site explains that four towers originally slated to rise between Sixth and Carlton avenues — the site of the railyard —would be developed before seven others set for between Carlton and Vanderbilt avenues.

MaryAnne Gilmartin, Forest City Ratner’s executive vice president of commercial and residential development, said at an investor update that first will come three buildings on the arena block, then four on the southeast block, now used as a parking lot. She also indicated that rents in the residential towers will yield more than $50 per square foot.

With regards to B2, the building set to break ground in mid-December, Gilmartin said that the project still awaits financing and that, contrary to published reports, the final choice to use pre-fab construction has not yet been settled. [Atlantic Yards Report]

  • 3CPO

    Yeah yeah yeah…we see if any of this happens at all…what a scam

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