DLA Piper advises Greenland Atlantic Yards in joint venture with Brodsky Organization

DLA Piper represented affiliates of Greenland Atlantic Yards, the developer of the 22-acre development known as Pacific Park in Brooklyn, New York, in a joint venture with the Brodsky Organization to develop a US$640 million, 800,000-square-foot, 500-plus foot tall multi-use tower at 18 Sixth Avenue, adjacent to the Barclays Center.

The transaction also included the sale/contribution of a ground lease interest in the development site. Upon completion of the project, Pacific Park plans to have 2,250 affordable residential units and more than 6,000 total residential units, along with office space, retail, community facilities and eight acres of public open space.

The DLA Piper team representing Greenland Atlantic Yards was led by partners Martin Polevoy (New York) and Brian Hochleutner (Boston), and included partners Anthony Coles (New York), Gregory Dahlgren (Chicago), Naftali Weg and Mark Friedman (both of Baltimore); of counsel Naftali Dembitzer and Lucien White (New York); and associates Samuel Grubner (New York) and Oriana Montani (Boston).