Dive Brief:
-
One business day after halting construction on the much-ballyhooed, prefabricated apartment tower next to Barclays Center in Brooklyn, the Swedish construction giant in charge of the project sued the developer on Tuesday – and vice versa.
-
The New York Daily News called the dispute between developer Forest City Ratner and Stockholm-based Skanska the “biggest real-estate divorce since the Dodgers left Brooklyn.”
-
Each organization is blaming the other for the cost overruns that shut down construction on what has been touted as the world’s tallest pre-fab building. The tower is part of the planned 22-acre Atlantic Yards development with retail space, offices, and 6,000 apartments.
Dive Insight:
Construction could resume on the 363-unit tower if a judge grants Forest City Ratner’s request to force Skanska to continue building while the lawsuit plays out.