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Russki's Atlantic Yards Deal Sealed; Williamsburg Wreckage

Havemeyer Street building in Williamsburg going for that open-air feel. Photo by Will Femia.

PROSPECT HEIGHTS?Well-armed Russian billionaire Mikhail Prokhorov closed on the Atlantic Yards deal with developer Bruce Ratner today. In a statement Prokhorov said, "This much-anticipated day has finally come and now the real fun begins of building a championship team with a state-of-the-art home in the Barclays Center at Atlantic Yards." Such hope! The agreement is for the purchase of an 80% stake in the Nets and a 45% share of the Barclays Center arena. Prokhorov has an option to buy up to 20% of the Atlantic Yards Development Company, which will develop the non-arena real estate. Now that's one landlord you don't want to stiff on rent! [CurbedWire Inbox]

Barclays Center

Atlantic Avenue at Flatbush Avenue, Brooklyn, NY