A draft plan was unveiled Tuesday by the new development team behind Pacific Park, as the state and its real estate partners begin the next phase of the Prospect Heights project launched nearly 20 years ago.
During a public workshop, the project's new development team, Cirrus Real Estate Partners and LCOR, pitched a plan to build five residential towers and a new green space, according to The Real Deal.
The development, formerly called Atlantic Yards, would result in 9.6 million square feet, compared to the previously planned 8 million. The average height of the project’s buildings would be 550 feet, instead of 350 feet, the news site reported.
The proposals are not final, and any changes will require amendments to the state’s general project plan, a method outside the city’s land use process that lays out the parameters of a project. That will be a separate process from the public workshops.
Residents and civic leaders have been upset that none of the past developers delivered the promised 877 affordable housing units, a key promise officials made when the state did a zoning override in Prospect Heights to make way for the project, displacing hundreds of residents.
The new development team said they are thinking of focusing the income levels of the affordable units on moderate- to middle-income tenants, with rents capped at levels affordable to those earning at most 130% of the area median income. The previously approved rents were affordable to those earning between 40% and 160% of AMI, the news site said.
The next public meeting, which will discuss streetscape, environmental concerns, economic development and retail/community services, is scheduled for Dec. 8. Click here to RSVP.
The third and final public meeting will take place online in January 2025.
