Page 433 - Demo
P. 433
J Y ~ 1 %u201e TT%u00ab/ l n4Au c Y c i u p u i c m u p d a t ecalled a lack o f private financial commitment. The project received the approval of Downtown%u2019s Community Board Two in June and will go before the City Planning Commission for a vote on August 18. From there, it will go to the Board o f Estimate for its decision.The mixed use project will be constructed on 22 acres of mostly vacant land northeast o f the intersection of Atlantic and Flatbush Avenues. Two 24-story office towers will complement the Williamsburgh Savings Bank across Hanson Place. The housing element o f the project calls for 643 moderate and middle income condominiums. Also planned is 225,000sq. ft. o f new retail space that includes a 50,000 sq. ft. supermarket on Atlantic Avenue.Rose is continuing discussion with the City%u2019s Health and Hospitals Corporation as a possible tenant for his office space. According to the City%u2019s Public Development Corporation, which is sponsoring the project,negotiations for tenants in the supermarket and the proposed 10-screen cinema complex are nearing completion.Look For EnvironmentalStatement For MetrotechThe ambitious high-technology Metrotech project that promises to sprawl across 16-acres in Downtown Brooklyn is nearing a crucial stage in of the environmental impact statement for the project is expected to be released the project is expected to be released at the end o f this month and developers are looking for the start of the formal City Land Use Review Process (ULURP) shortly thereafter.The two phase $770 million project is being developed by Forest City Enterprises in cooperation with Polytechnic University. Earlier this year the Securities Industry Automation Corporation announced that it planned to move into the new facilities. Brooklyn Union Gas is also making plans to construct a new office tower on the corner o f Jay Street and Myrtle Avenue. Polytechnic is looking forward to a new library, a Cotter for Advanced Tdecommunications and a research and development building.When Phase II is built over the next ten years, an additional two million square feet o f commercial space will be added.n Projects that Are Currently In The Approval Processm Projects That Are Currently In The Planning StagesPlans are to build a 12-story office building with retail space and a (700-car underground) parking garage on land bounded by Flatbush Avenue, Fulton Street, Ashland Place and Lafayette Street. The development requires the elimination of Rockwell hiace Detween ruiton Street and Lafayette Avenue.The Brooklyn Arms Hotel, now used as temporary emergency housing by the City, is also included in the urpassengers from traveling across the Brooklyn and M anhattan Bridges.Studies o f the planned Downtown development projects underway on the boards show that by 1988 Downtown Brooklyn will contain 17 %u201c hot spots,%u201d locations where concentrations of carbon monoxide or other pollutants exceed the Federal standard. A Federal mandate says the %u201c hot spots%u201d must be eliminated by 1988, a goal the City hopes to accomplish through these mitigating measures. The two reports are expected to be made public in the fall.Brooklyn Center Area GetsFlearing in Public ReviewThe Brooklyn Center Urban Renewal Area, phase two o f Atlantic Terminal developer Jonathan Rose%u2019s Downtown development activity, has been overshadowed by the larger adjacent area, but the two projects are moving jointly through the City%u2019s Urban Land Use Review Procedure (ULURP).ban renewal area, and the City is looking to have the property developed. Owner Bertram Fields attended a New York City Planning Commission public hearing July 9 on both the Atlantic Terminal and Brooklyn Center projects, and called on the City to let him develop the property rather than turning it over to Rose%u2019s firm. So far, neither Rose nor Fields have submitted specific plans for the site.Port Authority ExploringOptions For Heights PiersThe Port Authority Piers on the East River below Brooklyn Heights continue to lay fallow, and according to the Port Authority o f New York and New Jersey which owns the 87-acres of waterfront, studies and discussions for the property are still underway. No new plans have developed for the site since Halcyon, a consulting firm commissioned to study uses for Piers 1-6, released its report in February. %u201c The study and discussion are ongoing, but we%u2019re not even close to reaching any new announcements,%u201d says Port Authority%u2019s Bill Cahill.At its first proposal, the Halcyon study had suggested that the site be considered for an institute for international research and world trade and would include notei and orrice space. At that time, the Port Authority said a hotel and back office space were not among the uses being considered for the site.August 14,1986, THE PHOENIX/BROOKLYN.INC SECTION TWO, Page 11

