World’s Tallest Modular Residential Building Can Resume Construction (With Backpay!)

Photo credit: SHoP Architects

The factory that makes modular units for B2 (part of the 15-unit development known as Pacific Park, formerly Atlantic Yards) had been shut down since August, stemming from a dispute between Forest City Ratner and contractor Skanska, halting construction. Now, after FC bought out Skanska, the factory is rehiring every employee, NY1 reports. Motors are starting, cranes are running, modular units are... modulating?

Photo credit: Bisnow Media

When construction began in 2012 on B2, many thought it would be finished by now. Mayor Mike (snapped at the Atlantic Yards groundbreaking) even wondered if he'd qualify for the affordable-living units--since he'd be unemployed.

For a refresher on the world's tallest modular tower, check out Forest City's Susi Yu explanation of the benefits of B2's modular construction. The October sale of B2 ranked No. 4 on Real Capital Analytics list of 2014's biggest sales in Brooklyn.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords