Atlantic Yards Completion Date Set?

Posted on: February 25th, 2013 by Max Weisberg Comments

In June 2014, Barclays Center majority owner and developer Bruce Ratner is set to have the first building of his highly anticipated Atlantic Yards housing project completed. Ever since Ratner purchased the team in 2004, the project was a main vision for he and his ownership group.

The 32-story residential building that will sit right behind Barclays Center, at Dean Street and Flatbush Avenue, will reportedly be made available to low- and middle-income residents upon its erection next June. According to Ratner, about 182 of the 363 available units will be set aside for low- and middle-income residents.

News 12 Brooklyn reports that critics say it took "too long" for developers to deliver on their promise of affordable housing and jobs. At one point, Forest City Ratner anticipated completion of the project by 2016. If the new projections are correct, it appears they will beat their original projection by nearly 2 years.

For Nets fans, though it will likely increase the "buzz" around Barclays Center upon its completion, the ongoing construction that will apparently last the rest of this season and all of next season may cause slight hindrances to anyone commuting to the arena by car.

Comments

  1. avatar Norman Oder says:

    This is wildly inaccurate. Ratner has 25 years to build 16 towers. He’s just finishing the first one in 2014.

  2. avatar Norman Oder says:

    This is still wrong.