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October 26, 2005
Ad for Air Rights at Arena-Area Building Raises New Questions
The Brooklyn Daily Eagle reports on intrigue in the real estate world concerning a property in the Ratner footprint. Article by Raanan Geberer.
An large ad in Friday’s New York Sun, concerning an unusual building that falls within the footprint of Forest City Ratner’s planed Atlantic Yards development, raises more questions than it answers.
The ad, on page RE-9, reads, “Brooklyn, Atlantic Yards Area, 24 Sixth Ave., Air Rights Easement, Covers and Controls Forest City Ratner Companies Development. All Offers Considered.” ... Lupe Todd, a spokeswoman for Forest City Ratner, said that the real estate firm has run the ad before, and added that Forest City Ratner “needs that air right” to develop the project. Still, she said she was “not sure what [Helmsley-Spear’s] motives are.”
Posted by lumi at October 26, 2005 9:22 AM