Meltzer Aids in Atlantic Yards Financing
The Real Deal, Dec. 18, 2012 — Bingham represented Forest City Ratner Companies in connection with the tax-exempt bond financing of the first residential building, known as B2, to be constructed in the $4.9 billion Atlantic Yards development. The project is adjacent to the recently opened Barclays Center in Brooklyn, N.Y. Construction on the B2 residential project began Dec. 14 and, upon completion, will be the world’s tallest modular tower at 32 stories. The building will contain 363 apartments, half of which will be occupied by low, moderate and middle income families. The building is slated for completion in the summer of 2014. When completed, the Atlantic Yards development will include 11 residential buildings, bringing a total of 2,250 units of affordable housing to New York City.
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