page_title: Pacific Park, Brooklyn
section_title: Development
hierarchical_section_title: Pacific Park, Brooklyn / History / Development
caption_attribution_description: I took this photograph myself on 9/10/06. I release it to the and Wikipedia. This is not the "Atlantic Yards" site. This is the Vanderbilt Rail Yard, which comprise about 40% of the proposed site. The rest are private homes, private businesses, private property, city property and city streets. I took this photograph myself on 9/10/06. I release it to the and Wikipedia. This is not the "Atlantic Yards" site. This is the Vanderbilt Rail Yard, which comprise about 40% of the proposed site. The rest are private homes, private businesses, private property, city property and city streets.
context_page_description: Pacific Park is a mixed-use commercial and residential development project that will consist of 17 high-rise buildings, under construction in Prospect Heights, adjacent to Downtown Brooklyn and Fort Greene in Brooklyn, New York City. The project overlaps part of the Atlantic Terminal Urban Renewal Area, but also extends toward the adjacent brownstone neighborhood. Of the 22-acre project, 8.4 acres is located over a Long Island Rail Road train yard. A major component of the project is the Barclays Center sports arena, which opened on September 21, 2012. Formerly named Atlantic Yards, the developer renamed the project in August 2014 as part of a rebranding.
  The development of Pacific Park is overseen by the Empire State Development Corporation. As of 2018, four of fifteen planned buildings had opened, but the deadline was delayed by about 10 years from 2025 to 2035. The residential component includes the world's tallest modular apartment building, 461 Dean, opened in November 2016.
context_section_description: The project's name, devised by developer Forest City Ratner, relates to the rail yard located between Atlantic Avenue and Pacific Street. Officially, the Long Island Rail Road yard is called the "Vanderbilt Yard" by the Metropolitan Transportation Authority (named for Vanderbilt Avenue that crosses over on its way to the Brooklyn Navy Yard). The LIRR's nearby Atlantic Terminal station is the westernmost stop of the Atlantic Branch. Easy access by rapid transit and suburban rail, and the desirable brownstone housing stock nearby made it a target for speculative development.
  The Pacific Park project is being developed and overseen by Forest City Ratner, an arm of Forest City Enterprises, of Cleveland, Ohio and the original master plan and some individual buildings were by architect Frank Gehry. Gehry was removed from the project in June 2009. Since September 2009, the new arena design has been a collaboration between Ellerbe Becket and the Manhattan architectural firm SHoP Architects. Pacific Park, overseen by the Empire State Development Corporation, is supposed to be a public-private project, Bruce Ratner told Crain's New York Business in November 2009.
  In March 2008, principal developer Bruce Ratner acknowledged that the slowing economy may delay construction of both the office and residential components of the project for several years.
  On June 23, 2008, the Supreme Court of the United States refused to hear an appeal of the federal eminent domain case. The case was refiled in state court, with slightly different arguments, and in November 2009, the project cleared what the New York Times called the "final major obstacle" when the New York Court of Appeals dismissed the final challenge to the legality of eminent domain. Further challenges to the implementation of eminent domain ensued, and were dismissed in March 2010. The most prominent member of the neighborhood opposition, Daniel Goldstein, agreed under pressure to a settlement in April 2010, allowing for vacant possession, the sale of the Nets to Mikhail Prokhorov, and the release of arena construction bonds from escrow.
  The Barclays Center, for which groundbreaking for construction occurred on March 11, 2010, was opened to the public on September 21, 2012, which was also attended by some 200 protesters. It held its first event with a Jay-Z concert on September 28, 2012.
  In June 2014, Governor Andrew Cuomo announced that the Atlantic Yards complex would be completed by 2025. That August, the Atlantic Yards complex was renamed Pacific Park. In addition, plans for a new building comprising affordable units, the 298-unit, 18-story building at 535 Carlton Avenue, was unveiled, and a new 8-acre (3.2 ha) public park was also revealed.
  The China-based developer Greenland Holdings, along with Forest City, started the sale of 278 condos in summer 2015. The units at 550 Vanderbilt Avenue, which cost between $550,000 and $5.5 million, will be sold by Corcoran Sunshine Marketing Group. As of February 2015, the last seven property owners in the area are to leave by April 2015.
  Most of the project's Phase 1 was complete by August 2016. The master plan features a total of 16 buildings. However, by 2018, only four of the originally planned fifteen buildings had been completed. The developers stated that it may take until 2035 until the project is completed, since the project was given that build-out date when the project was re-approved in 2009.
caption: The Vanderbilt Railyards represents 8.4 acres (3.4 ha) of the 22-acre (8.9 ha) site (as seen in September 2006)
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