New Billion Dollar Complex to House Jay-Z’s Brooklyn Nets…

Philadelphia Real EstateBarclay Center – Hello Brooklyn!

Hip hop legend, Jay Z, is coming home and will be the first to perform in the Barclay Center this coming September. From inside the building, Jay-Z (Shawn Carter) can see his old apartment at 560 State Street. He grew up eight miles away from the Center in the Bedford-Stuyvesant’s Marcy projects. Jay-Z has plans to put on a series of concerts to mark the opening of Barclay Center and reportedly is very excited about the project.

The sports arena, Barclay Center, is scheduled to be opened on September 28 2012. Barclay Center will be new home for New Jersey Nets, whose name will be changed to Brooklyn Nets.

The Barclays Center is a sports arena currently under construction in Brooklyn, New York. The arena is being built partly on a platform over the Metropolitan Transportation Authority-owned Vanderbilt Yards at Atlantic Avenue. It is part of a proposed $4.9 billion sports arena, business and residential complex. The arena is intended to serve as a new home for the National Basketball Association’s New Jersey Nets, currently based at Prudential Center in Newark, New Jersey. The team will be renamed the Brooklyn Nets starting with the arena’s expected opening season of 2012–13.

Philadelphia Real EstateDeveloper

The project is being developed by developer Forest City Ratner, who acquired the Nets in 2004, with the purpose of moving them from New Jersey to this site near the Atlantic Avenue – Pacific Street subway station and the Long Island Rail Road’s Atlantic Terminal in Brooklyn, one of the most transit-accessible locations in the city. The move would mark the return of major league sports to Brooklyn, which has been absent since the departure of the Dodgers to Los Angeles in 1957 (their proposal for the world’s first domed stadium just north of the Atlantic Yards site (currently the Atlantic Terminal Mall, owned by Forest City Ratner) to replace the unprofitable Ebbets Field had been turned down by the city in the past). Controversies involving local residents aDesigned by the architect firm Ellerbe Becket (who has also designed the arenas used by the Boston Celtics, Charlotte Bobcats, Cleveland Cavaliers, Indiana Pacers, Memphis Grizzlies, and San Antonio Spurs), and New York City firm SHoP Architects, the proposed arena would host the Nets – along with concerts, conventions and other sporting events, competing with Madison Square Garden and the Prudential Center, among other facilities in the New York metropolitan area.

Externally, the arena’s shape is that of three articulated bands, and features a glass curtain wall covered by a ‘latticework’ made up of 12,000 preweathered steel panels, which are meant to invoke the image of Brooklyn’s brownstones. A 117-by-56-foot (36 by 17 m) “Oculus” extends over a 5,660-square-foot (526 m2) section of the plaza outside of the main arena entrance, and contains a display screen that loops around on the inside of the structure.

Philadelphia Real EstateThe 38,885-square-foot (3,613 m2) entrance plaza contains 74 percent open space and 26 percent soft landscape and seating, primarily around the “Transit Connection” to the Atlantic Avenue subway station that will serve as the centerpiece of the Plaza. As the basketball court is situated below ground level, the scoreboard is visible from the plaza.

The arena is pursuing LEED Silver certification.

Philadelphia Real EstateDesign

The original design of the arena, by renowned architect Frank Gehry, would have the arena’s roof feature a park open only to residents of the Atlantic Yards complex, ringed by an open-air running track that doubled as a skating rink in winter with panoramic vistas facing Manhattan year-round; but those roof plans were scrapped due to Gehry’s design being projected to put the cost of the arena at $1 billion, which was seen as being too expensive. Gehry’s design was eventually replaced in September 2009 by the current Becket/SHoP design, which puts the arena costs at $800 million, though the final cost of the entire project is currently projected to be $1 billion.


By Michael Angelina

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Michael Angelina
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1612 Direct
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Michael Angelina

Philadelphia Realtors & Real Estate Agents

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