May 17, 2018

Adding some zeroes: Is Pacific Park ready for a 1M sf office tower?

The Real Deal

MaryAnne Gilmartin, Jed Walentas talk office, retail and resi at Only Brooklyn event.

The fate of the development site across the street from the Barclays Center remains unclear, but developer MaryAnne Gilmartin is confident that a massive-mixed-use tower can rise there.

Gilmartin, former CEO of Forest City New York and co-founder of L&L MAG, thinks Pacific Park is “missing zeroes” for majority owner Greenland USA — in terms of the megadevelopment’s scale and the company’s equity check. Building a 1 million-square-foot-plus tower with significant office space at site five — occupied by P.C. Richard & Son and a Modell’s— would help amend that, she said during a panel at TerraCRG’s Only Brooklyn conference on Wednesday.

Read more here.