LATEST NEWS

Pacific Park’s Modular Building Is Completed And Now Leasing Apartments

After many delays, country’s largest modular construction at 461 Dean Street is finally accepting tenants.

By Jeff Vasishta November 16, 2016
Photo courtesy of Max Touhey/NY Curbed

As a kid, have you ever dreamed of living in a Lego castle? If yes, then the new Pacific Park development project at 461 Dean street next to the Barclay Center in Brooklyn has got you covered. Well, almost.

This property is the largest one in the country to be constructed modularly. Think Lego blocks: The rooms—930 in total—were built in a factory and shipped to the construction site on the corner of Dean and Flatbush Avenue, stacked and then bolted into place to create 363 rental apartments. Block party, anyone?

Forest City Ratner, the developer behind 461 Dean Street, has just started leasing the 31 story building.

RelatedThere Is A Rose In Spanish Harlem- And It’s An 11 Story 233 Unit New Apartment Building

Modular housing is often favored in residential applications because it usually allows developers a faster, more streamlined construction process without having to deal with the vagaries of the weather and assembling materials on site. However, 461 Dean had been in the works since 2012, delayed through lawsuits and financial issues. The crash of 2008 also slowed the flow. It was only in 2014, after an infusion of cash from China-based Greenland Group, that the timeline was able to be accelerated.

“It was a long process because no one had taken the time to build a modular building this big,” Adam Greene of Forest City Ratner told AM New York. The property comprises 149 studios, 166 one-bedroom and 48 two-bedroom units. Half of those will be set aside for affordable rates, and 84,000 applications have already been received. The first tenants are expected to move in at the end of the month.

“To produce the amount of quality [affordable] housing in this city, we have to look at other modes of construction,” founding principal of SHoP Architects Chris Sharples told NY Curbed. “We have to expand the science of construction so it’s not limited to a certain building typology. That’s going to take some years, but I think Dean Street really started the conversation.”

There is a cluster of buildings nearing completion in the Pacific Park plan. One of the most discussed in 550 Vanderbilt, a 278 condo complex for sale which is almost sold out and which backs onto Pacific Park, formerly known as Atlantic Yards. The highest priced penthouse in the building is on the market for just shy $7 million. There are two other rentals—535 Carlton Ave and 38 Sixth Ave—both of which will offer 100 percent affordable units and will open in the next nine months. In total, the Pacific Park construction will offer 879 apartments. This obviously doesn’t include the 324 rental units available next door to Pacific Park (across Atlantic Ave) at the 32 story 300 Ashland Place, part of the BAM (Brooklyn Academy of Music) South development.

RelatedNYC Might Really Use This Resilient Home For All Seasons

A decade ago, when city and state approval was first granted for the then named Atlantic Yards, it was on the back of furious protests. Brooklynites were concerned about eminent domain and ceding brownstone Brooklyn to a hulking sports and entertainment arena and high rise towers.

“We believe we’re building a neighborhood,” MaryAnne Gilmartin, the president and CEO of Forest City Ratner told NY Curbed. “We are knitting together some of the most incredible neighborhoods in the country, but we’re also building a new neighborhood. In many ways [the site is] a great Rubik’s cube,” said Gilmartin. “We knew the shapes of the various buildings because the master plan helped us with that, and we knew how many affordable [apartments] we were committed to building. [But] I don’t think we ever had a playbook that was going to prescribe what got built where.”

Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

ABOUT THE AUTHOR Jeff Vasishta

Jeff is a writer, husband and father but not necessarily in that order. As a music journalist he counts Prince, Beyonce and Quincy Jones amongst those he’s interviewed. He's also owned and flipped homes in Brooklyn, NJ, CT and PA.

  • AGORAFY
    Stefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China https://goo.gl/PsTUwv
  • AGORAFY
    Auction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures https://goo.gl/NZ3zqD
  • AGORAFY
    Once a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury https://goo.gl/7TpLk6
While Other Real Estate Platforms Start Charging Agents $3-Per-Day Exposure Fee, Agorafy Remains Accessible To All
Real Estate searching platform are always finding news ways to diversify their revenues models. Case in point—on Tuesday July 18, Streeteasy, one of New York…
Is Real Estate Crowdfunding The Fix That Urban Housing In America Really Needs?
Saving money for a down payment? One can only hope. Most millennial in their twenties or thirties are mortified that they might never be able…
Brooklyn And Queens’ Real Estate Sub-Markets Continue Their Ascent To The New Heights
So, the sales prices in Brooklyn and Queens hit record highs. Again. Just like they did in December 2016 and at the end of this…
The Economy Of Car Services And Delivery Apps Might Be Making NYC Less Eco-Friendly
Living in an eco-friendly neighborhood is a good thing. And, as it always the case with the good things, it also costs more. High rents…
Building Communities: What The U.S. Developers Should Learn From Soho China
As our world emerges into the new period of globalization and technology, some of the most important by-products of this process are buildings that have…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Airbnb Up Their Game With A New Luxury Tier Featuring Mansions And Villas
Airbnb is about to seriously up their game. First, the company started testing a new service called Select in an attempt to push accommodation listings…
Will Artificial Intelligence Change Real Estate Industry In The Next Five Years?
Globalization and tech progress are the two forces that are irreversibly changing the world. Robots, machines, artificial intelligence (AI) tools, and, of course, vast amounts…