B1 & SITE 5

PACIFIC PARK BROOKLYN

January 11, 2016

Parcel Location Diagram

(Building outlines are for illustrative purposes only.)

Phase 1
Phase 2

Site 5
B1

Where We Are Today

4 buildings with 1,242 units (783 Affordable units) under construction:
B2: 363-unit, 50-30-20 rental building (completion Q316)
B14: 298-unit, 100% affordable rental building (completion Q416)
B11: 278-unit, market-rate condominium building (completion Q117)
B3: 303-unit, 100% affordable rental building (completion Q217)
2 additional projects in design:
B15: ~300 units with 670 seat Public School at the base
B12: ~270 condominium units
New LIRR storage yard under construction; anticipated completion Q4 2017
Site 5 condemnation process started

Why Were Here Today: Site 5

Located at intersection of
Atlantic & Flatbush Avenues
On top of Brooklyns
largest transit hub
48,000 sf site
Destination development
with mixed uses
Opportunity for iconic building
Brooklyns office market is hot
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Partnerships

Greenland Forest City Partners

Brooklyn Skyline 2004

Brooklyn Skyline 2015

New Brooklyn Skyline

Evolution of Downtown since the
2004 Downtown Brooklyn Rezoning
+ 2006 AY Approvals

(JDS)
WSB

DKLB BKLN

51 70 Stories ( 531 775)

31 50 Stories ( 345 512)
20 30 Stories ( 250 325)

Brooklyn Skyline 2015

(Built & Planned)

Commercial Office Development

Brooklyn is 6th largest office submarket in USA
(CBRE)
6.4MM SF of office space under construction/
proposed (borough-wide)
No longer just back office space
KickStarter
Vice
West Elm
Dumbo/Kushner
BK Tech Triangle: 3.1MM sf office
space shortfall anticipated by 2020
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Brooklyn Office Market

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B1 & SITE 5

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MGPP Urban Design Principles

Concentrate high density, height & commercial uses at western end of project
site to reflect higher density commercial & residential uses of Downtown Brooklyn.

Maximize density adjacent to the Transportation Hub.

Create an undulating skyline with buildings of varying heights along Atlantic Avenue.
Create a visual relationship between B1, Site 5 & the Williamsburg Savings
Bank Building.
Enliven the Atlantic Avenue & Flatbush Avenue intersection.
Provide visual & physical connections between indoor activity & street life.
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Precedent: Broadway Corridor & Public Spaces

Herald Square

Columbus Circle

Madison Square Park

Columbus Circle

Madison Square Park

Time Square

Union Square Park

Time Square

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B1 & Site 5

B1
Site 5

Height
511'
250'

GSF
760,190
381,862
B1

ARENA

SITE 5
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B1 & Arena
1. Urban Room
511

2. B1 Base
3. B1 Shoulder
4. B1 Upper Portion

330

IRT Platform Ramp

IRT Subway Fare Area & Platform
Subway Stairs & Elevator
BMT Brighton Line Track
DEP

150

80

Arena Oculus

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Existing Plaza & Urban Room Comparison

Existing plaza maximizes
useable public space

Plaza demolition & replacement with interior

space reduces useable public space

31,857 gsf of Public Space

21,318 gsf of Public Space (Minus Structure)

Building
Lobby & Core
10,539 gsf
DEP Easement
Subway Easement

Existing Public
Plaza Area
31,857 gsf

BMT Brighton Line

Track

Urban Room
Increased
Complexity Area
10,032 gsf

Urban Room
Feasible Area
11,286 gsf
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Site 5 Vision

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Preserve Barclays Plaza

Shift Development Rights to Site 5

Vibrant Urban Node

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Southern Gateway of Downtown Brooklyn

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B1

B2
Site 5

Site 5
Barclays

Williamsburg Savings
Bank Building

Williamsburg Savings
Bank Building

Site 5 Conceptual Project Info

Tower A
Site SF
Total Developable SF

48,655
1,142,052

Podium Height (Approx)

110

Min Distance Between Towers

(Approx)

60

Envelope SF (Approx.)

2,700,000

Tower B

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Site 5 Conceptual Program

Two tower scheme on retail podium

108 ft

4TH AVE

FLATBUSH AVE

FLATBUSH AVE

4TH AVE

OPTION-1

PACIFIC ST

OPTION-2

FLATBUSH AVE

4TH AVE
ATLANTIC AVE

ATLANTIC AVE

4TH AVE

4TH AVE

4TH AVE

PACIFIC ST

FLATBUSH AVE

4TH AVE

ATLANTIC AVE

ATLANTIC AVE

108 ft

84
ft

4TH AVE

108 ft

PACIFIC ST

OPTION-3

PACIFIC ST

OPTION-4

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Site 5 Conceptual Development Scenarios

660

785

690

640

Hotel/Residential

Residential

Residential

Comm. Office

318,000 (H)
285,000 (R)

633,000

600,000

627,000

383

293

359

341

Comm. Office

Hotel

Comm. Office

Hotel

352,000

320,000

354,000

323,000

188,000

188,000

188,000

188,000

108

108

84

108

80

80

80

80

Notes:
MEP included in building heights
All program numbers are approximate/rounded up
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PROPOSED ACTIONS TO IMPLEMENT PLAN

GPP Modifications

Potential Zoning Overrides

1. Eliminate one building (B1)

2. Eliminate the Urban Room

1. Height and Setback

2. Permitted Uses

3. Transfer B1 SF (~760,000 SF) to Site 5

4. Modify allowable uses on Site 5

3. Density
4. Signage

5. Create Permanent Open Space on B1 plaza

6. Increase permitted residential

5. Parking
6. Transit Improvements

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