Ben Keel
@bennkeel.bsky.social
PHL + Cincy analyst and designer. Housing affordability, real estate, visuals + data.
Reposted by Ben Keel
New Atlantic Yards developers' #affordablehousing rhetoric suggests low-income units not a priority
normanoder.substack.com/p/developers...
Lowest 1-BR rent: $2,430?
$100K+ as "affordable" min.?
Promised faster buildout would dampen increases in base rents, but skyrocketing AMI has taken its toll.
normanoder.substack.com/p/developers...
Lowest 1-BR rent: $2,430?
$100K+ as "affordable" min.?
Promised faster buildout would dampen increases in base rents, but skyrocketing AMI has taken its toll.
November 26, 2025 at 2:30 PM
New Atlantic Yards developers' #affordablehousing rhetoric suggests low-income units not a priority
normanoder.substack.com/p/developers...
Lowest 1-BR rent: $2,430?
$100K+ as "affordable" min.?
Promised faster buildout would dampen increases in base rents, but skyrocketing AMI has taken its toll.
normanoder.substack.com/p/developers...
Lowest 1-BR rent: $2,430?
$100K+ as "affordable" min.?
Promised faster buildout would dampen increases in base rents, but skyrocketing AMI has taken its toll.
Reposted by Ben Keel
First announced in 2003, the Atlantic Yards project in Brooklyn has still not delivered the total number of affordable homes it promised. Now, a new development team is poised to take over, and says it'll be different this time. citylimits.org/new-developm...
New Development Team Promises Atlantic Yards Progress, But Housing Penalties Called 'Insufficient' - City Limits
The new development team—the third since the megaproject was announced in 2003—has agreed to pay $12 million as they plan a new way forward.
citylimits.org
October 16, 2025 at 12:00 PM
First announced in 2003, the Atlantic Yards project in Brooklyn has still not delivered the total number of affordable homes it promised. Now, a new development team is poised to take over, and says it'll be different this time. citylimits.org/new-developm...
Rough week for my neighborhood having no trolly rail service for 10 days and being name dropped in an HBO show in the context of a fentanyl trade.
October 6, 2025 at 3:21 AM
Rough week for my neighborhood having no trolly rail service for 10 days and being name dropped in an HBO show in the context of a fentanyl trade.
I remind myself of this article’s point every day when reading nationwide housing trend headlines asserting the buyer’s market: only the local trends matter. Mostly bc I don’t want to have made a silly choice in buying near listing price this Spring.
Across the U.S., demand among homebuyers has slowed, homes are taking longer to sell, and home listings have piled up.
But sellers have more power across the Philadelphia region, which is in an advantageous location and where housing supply hasn’t kept up with demand.
But sellers have more power across the Philadelphia region, which is in an advantageous location and where housing supply hasn’t kept up with demand.
Across the U.S., new home listings are down. But the Philly region is bucking the trend.
Nationally, the number of homes that hit the market in June was down from the same time last year — the first annual decrease since 2023, according to Redfin.
www.inquirer.com
July 22, 2025 at 8:32 PM
I remind myself of this article’s point every day when reading nationwide housing trend headlines asserting the buyer’s market: only the local trends matter. Mostly bc I don’t want to have made a silly choice in buying near listing price this Spring.
Reposted by Ben Keel
Elected officials, including three from Congress, join @cmcrystalhudson.bsky.social in asking Governor and Empire State Development to collect damages for absent #AtlanticYards #affordablehousing
atlanticyardsreport.blogspot.com/2025/06/elec...
Which could fund affordable units nearby in AAMUP
atlanticyardsreport.blogspot.com/2025/06/elec...
Which could fund affordable units nearby in AAMUP
Elected officials, including three from Congress, join CM Hudson in asking Governor and ESD to collect damages for absent Atlantic Yards affordable housing
Led by Council Member Crystal Hudson, ten local elected officials yesterday wrote to Gov. Kathy Hochul and Hope Knight, CEO of Empire State ...
atlanticyardsreport.blogspot.com
June 19, 2025 at 5:44 PM
Elected officials, including three from Congress, join @cmcrystalhudson.bsky.social in asking Governor and Empire State Development to collect damages for absent #AtlanticYards #affordablehousing
atlanticyardsreport.blogspot.com/2025/06/elec...
Which could fund affordable units nearby in AAMUP
atlanticyardsreport.blogspot.com/2025/06/elec...
Which could fund affordable units nearby in AAMUP
EB-5 visas allow foreign investors to get green cards through US investments. Norman’s and my Substack today illustrates how Atlantic Yards/Pacific Park kicked off EB-5 fundraising for nearly half of its buildings around 2014, then complicated the stakes and collateral over the next decade.
Who's the "Lender"/Creditor Now? Who Controls the EB-5 Loan Collateral?
normanoder.substack.com/p/whos-the-l...
The future of 6 #AtlanticYards development sites relies on murky transactions among #PacificParkBK developers, immigrant investors, the U.S. Immigration Fund, & Fortress Investment Group.
normanoder.substack.com/p/whos-the-l...
The future of 6 #AtlanticYards development sites relies on murky transactions among #PacificParkBK developers, immigrant investors, the U.S. Immigration Fund, & Fortress Investment Group.
April 18, 2025 at 2:21 PM
EB-5 visas allow foreign investors to get green cards through US investments. Norman’s and my Substack today illustrates how Atlantic Yards/Pacific Park kicked off EB-5 fundraising for nearly half of its buildings around 2014, then complicated the stakes and collateral over the next decade.
New substack from Norman comparing popular models’ answers to our work
What Does AI Say About Atlantic Yards?
normanoder.substack.com/p/what-does-...
It can be useful, but it can miss some things, or even make stuff up. A test of several questions posed to three models.
(Image via Gemini)
normanoder.substack.com/p/what-does-...
It can be useful, but it can miss some things, or even make stuff up. A test of several questions posed to three models.
(Image via Gemini)
What Does AI Say About Atlantic Yards?
It can be useful, but it can miss some things, or even make stuff up. A test of several questions posed to three models.
normanoder.substack.com
April 12, 2025 at 3:20 PM
New substack from Norman comparing popular models’ answers to our work
Reposted by Ben Keel
Announced more than two decades ago, the project has delivered the Barclays Center and eight towers, but remains about half-finished. Now, a May 31 deadline looms for the developer to deliver the remaining 876 affordable housing units. shorturl.at/NCN7C
Brooklyn's Stalled Atlantic Yards Plan Faces More Questions Than Answers - City Limits
More than 21 years after it was announced, the Atlantic Yards/Pacific Park project has delivered the Barclays Center and eight towers, but remains about half-finished.
shorturl.at
April 1, 2025 at 3:13 PM
Announced more than two decades ago, the project has delivered the Barclays Center and eight towers, but remains about half-finished. Now, a May 31 deadline looms for the developer to deliver the remaining 876 affordable housing units. shorturl.at/NCN7C
I appreciate that septa’s new app will be real with me when I miss the bus: “maybe just walk”
January 25, 2025 at 8:36 PM
I appreciate that septa’s new app will be real with me when I miss the bus: “maybe just walk”
Reposted by Ben Keel
How Many #AtlanticYards Apartments Were Rented to Households Earning Under $50,000?
normanoder.substack.com/p/how-many-a...
Well, far more than suggested in an otherwise useful table from BrooklynSpeaks Still, middle-income units are vastly over-represented. #PacificParkBK #affordablehousing
normanoder.substack.com/p/how-many-a...
Well, far more than suggested in an otherwise useful table from BrooklynSpeaks Still, middle-income units are vastly over-represented. #PacificParkBK #affordablehousing
January 15, 2025 at 8:15 PM
How Many #AtlanticYards Apartments Were Rented to Households Earning Under $50,000?
normanoder.substack.com/p/how-many-a...
Well, far more than suggested in an otherwise useful table from BrooklynSpeaks Still, middle-income units are vastly over-represented. #PacificParkBK #affordablehousing
normanoder.substack.com/p/how-many-a...
Well, far more than suggested in an otherwise useful table from BrooklynSpeaks Still, middle-income units are vastly over-represented. #PacificParkBK #affordablehousing
New graphic collaboration with Norman: the affordable units in Atlantic Yards/Pacific Park skew on the expensive side while the income ranges have nearly shifted up a full income bracket since the first delivery of 461 Dean in 2016.
Weekly #AtlanticYards Digest: a Noisy Dog Run, a New #AffordableHousing Graphic
normanoder.substack.com/p/weekly-dig...
A highly controlled online meeting fails to ventilate the dog run dispute; a Barclays Center rep leans into the phrase "Urban Experience."
#PacificParkBK Conservancy surfaces!
normanoder.substack.com/p/weekly-dig...
A highly controlled online meeting fails to ventilate the dog run dispute; a Barclays Center rep leans into the phrase "Urban Experience."
#PacificParkBK Conservancy surfaces!
November 14, 2024 at 1:29 AM
New graphic collaboration with Norman: the affordable units in Atlantic Yards/Pacific Park skew on the expensive side while the income ranges have nearly shifted up a full income bracket since the first delivery of 461 Dean in 2016.