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March 11, 2004
Forest City Reports Results for Year Ended January 31, 2004
From FCRC Press Release:
Also in the fourth quarter, Forest City announced plans for Brooklyn Atlantic Yards, a large mixed-use project in downtown Brooklyn whose main attraction is expected to be a new 800,000-square-foot arena for the Nets NBA basketball team. Forest City will have a minority interest in the Nets and the arena, which will serve as a catalyst for this long-term development project. Brooklyn Atlantic Yards is expected to include as much as 2.1 million square feet of commercial office space, 300,000 square feet of retail space and approximately 4,500 units of affordable, middle-income and market-rate housing.
Posted by lumi at March 11, 2004 10:49 AM