Brooklyn Barclays Center Tower Joins Rental Party — Just as It's Ending
- Apartments debuting in market where rents have already peaked
- Pacific Park tower built with prefabricated modular blocks
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The first apartment tower at Forest City Ratner Cos.’s mega-development in Brooklyn -- planned for a decade and under construction since 2012 -- will open for leasing this month, just as the borough’s run-up in rents is beginning to cool.
At 320 feet (98 meters), the building at 461 Dean St. has the distinction of being the world’s tallest property whose units are stitched together from prefabricated modular blocks, according to the developer, a unit of Forest City Realty Trust Inc. Less unusual is the timing of its arrival, with thousands of other newly built rentals also coming to the Brooklyn market.