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Pacific Park Finally Moves Forward | Real Estate News
After 20 years of delays, foreclosures, and financial chaos, Pacific Park is finally moving forward — thanks to a major $5 billion deal between Cirrus Real Estate Partners, LCOR, and the state. With Empire State Development committing $175 million upfront and more funding on the way, the project will build six towers with 5,600 units, including over 1,200 affordable homes for low- and moderate-income residents. The centerpiece? A massive deck over the Atlantic Terminal railyards — a complex feat that’s now officially greenlit before a looming July 31 deadline. This isn’t just progress — it’s…
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