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Atlantic Yards’ Best- and Worst-Case Scenarios

New York Multifamily

Forest City Ratner and Skanska have taken to the courts over construction of the modular units for the 363-unit B2, the first residential building at Pacific Park (formerly Atlantic Yards). So when will B2—and thus the 6,037 additional residential units planned there—restart?

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Tarter Krisnky’s David Pfeffer says disputes between owners and contractors can significantly delay a project. But if our legal research (i.e. Law & Order binge marathons) has taught us anything, it’s that a settlement is never off the table. In that case—the probable scenario, David says—the duo could get back to work at any time. Forest City also has expressed a desire to take over from Skanska the Brooklyn Navy Yards factory that makes the modules, but David notes that experts usually recommend against going solo on such a large project. Meanwhile, finding another general contractor to come in at this stage may not be easy.