2014 has been a pretty solid year for New York’s rental markets. From neighborhood-boosting projects like the High Line to an increasingly impressive Billionaire's Row, the sector and overall industry have set some pretty high bars for 2015.
Stalls are feature of the development process, but with the back and forth going on around Atlantic Yards’s B2, it seems like this hiatus will be until further notice, since its two major parties are in opposition in State Supreme Court, each claiming a violation of contract.
After years and years of delays, Forest City Ratner has agreed to accelerate the building of affordable housing at its Atlantic Yards development. The development was announced on December 11, 2003 and has since weathered lawsuits, multiple architects, and a recession. Now, after negotiations with the de Blasio administration, state officials, and community groups, the pace will hasten.
When 2014 comes to a close, a new residential building will open in Brooklyn. Located near the convergence of Park Slope, Fort Greene, and Prospect Heights, B2 BKLYN will be the first residential building of Forest City Ratner’s Atlantic Yards project. While Brooklyn is no stranger to new residential development, there’s something unique about Atlantic Yards—modular construction.