Following a story MHProNews.com last covered Dec. 17, 2013 regarding Forest City Ratner’s 32-story Atlantic Yards modular housing project in Brooklyn, New York, therealdeal.com reports the completion date of the B2 Tower has now been pushed back to late 2015, instead of June 2014. Shanghai-based Greenland Holding Group, which invested roughly $200 million for a 70 percent stake, says the entire complex, including the 20 percent low income apartments, will require eight years. Rents will range from $400 to $4,400. Neighborhood leaders and Brooklyn officials have complained the project is moving too slow, while labor unions, strong in New York, have griped about the loss of jobs due to the modular method of construction. Nevertheless, city officials see the hope. Says Alicia Glen, deputy mayor for housing and economic development, “We’re not happy about the pace of construction. But we think that modular is something we should continue to pursue across the city.” ##
