Oct 10, 2018 2 min read Nonsponsored

Condos Removed From Pacific Park’s 18 6th Ave Plans, More Rentals Added

PROSPECT HEIGHTS – Greenland Forest City Partners filed plans on Saturday to eliminate the condos from its building planned for 18 6th Avenue, increasing the tower’s number of rental units.

Rendering of 18 6th Avenue (B4), Pacific Park’s tallest building planned for Atlantic & 6th

Greenland Forest City Partners recently announced that the architectural firm Perkins Eastman will design the project’s fifth building (parcel B4) on the corner of Atlantic and 6th Avenues (just east of the Barclays Center), with groundbreaking scheduled for next spring. The building was expected to rise to 511 feet, making it the tallest building in the Pacific Park project, and include a mix of 764 condos and rental units.

Plans filed over the weekend now include a 509 feet tall, 49-story, 810-unit building at 18 6th Avenue, with 727,059 square feet of residential space and 51,682 square feet of commercial space, according to DOB records. Greenland Forest City Partners previously planned to feature 551 rentals and 213 condos in the residential tower, but representatives for the developer told The Real Deal that the project will now feature only rental apartments.

18 6th Avenue was initially considered for an office tower, however due to lackluster demand for office space in the borough, that plan was nixed in favor of a residential project, according to The Real Deal. The decision to remove the condo units in the project comes as sales prices decrease due to an “overabundance” of condos, the article notes. The shift to only rental apartments at 18 6th Avenue should help Greenland Forest City Partners get closer to its goal of completing 2,250 units of affordable housing by 2025. Only 782 affordable units have been created so far and only four residential buildings have been completed.

In September, Greenland Forest City Partners announced plans to sell three parcels of the 15 building mixed-use Pacific Park development—615 Dean Street (parcel B12) and 595 Dean Street (parcel B13) to TF Cornerstone, and 664 Pacific Street (parcel B15) to the Brodsky Organization. The development firms will build three new mixed-income rental buildings with a public school and expanded open spaces.