Cirrus, LCOR go after Site 5 as part of Pacific Park takeover bid

Cirrus Real Estate and LCOR want to take over the remaining railyard development sites at Pacific Park, as well as a separate property known as Site 5.   During a meeting on Wednesday, Empire State Development confirmed the developers submitted an application to be designated as a “permitted” developer of six railyard sites in the long-stalled Brooklyn megadevelopment. The development rights were supposed to be transferred to a new team, approved by ESD, by Aug. 1, with millions of dollars of late fees on the line. Now, the deadline has once again been extended.  ESD officials indicated that Greenland, the current […]This article originally appeared on The Real Deal. Click here to read the full story.