Brooklyn’s Atlantic Yards Revamp Adds 2,400 Units and Drops Office Space
Cirrus Real Estate Partners and LCOR presented a revised plan for Atlantic Yards Phase II in Brooklyn, expanding the residential component to 5,600 apartments across six buildings surrounding Barclays Center. Construction is scheduled to begin in 2028, with first deliveries in 2031. The revised proposal adds 2,400 units to the prior plan and eliminates 336,000 square feet of office space. About 1,200 units will be income-restricted, with 75% designated for low-income tenants and 25% for moderate-income residents.
The developers increased average building heights and shifted locations to create 8.5 acres of contiguous open space. The plan includes an 800-foot tower joined to a 540-foot building at Flatbush Avenue and Pacific Street, plus 140,000 square feet of retail, 20,000 square feet of community space, and 240 parking spaces. Several structures will be built over Vanderbilt Yard train tracks, requiring two platforms estimated at $700 million. New York State has allocated $175 million so far, with negotiations continuing for the balance.
The changes bring the total development to 9.6 million square feet, up 1.6 million from the previous plan. Greenland USA, which acquired a majority stake in 2014, defaulted on loans and stopped construction in late 2023. Cirrus and LCOR took over in October 2025. The $5 billion project is expected to generate $3.5 billion in economic impact during construction and will be built entirely with union labor.
Atlantic Yards was first announced in 2003 and has delivered eight residential buildings with 3,200 units, a healthcare clinic, a school, and Barclays Center since 2012. The shift away from office space reflects tightening demand in New York’s commercial sector, while the unit count expansion responds to record-high Brooklyn rents and chronic housing shortages. Community engagement and environmental review will run through the end of 2025, with a public meeting set for July 13.
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