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Pacific Park Finally Gets Its Shot | Real Estate News
Pacific Park, Brooklyn’s long-stalled $5 billion affordable housing megaproject, is finally getting serious momentum after a two-decade saga of delays and bankruptcies. The new phase-two plan, led by Cirrus Real Estate Partners and LCOR, aims to build over 5,600 homes—with 1,200 designated as affordable, 75% for low-income families and 25% for moderate-income earners—and includes 30% family-sized units. The development will rise over former train yards near Barclays Center, with Empire State Development pledging $175 million and seeking more to fund infrastructure. Union labor agreements are…
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