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February 17, 2006

Will there be a demand for Ratner luxury housing in the future?

Could an ominous grouping of clouds presage a perfect storm of market forces that could put a damper on the need for Ratner's 2,800 luxury condos and 2,250 units of market-rate (aka luxury) rentals, on top of the thousands of units of luxury housing already in the pipeline in Brooklyn?

NoLandGrab: The growing concern is, if the Atlantic Yards project is approved and the bottom falls out of the luxury housing market, Ratner-Gehry luxury housing would be an enormous Forest City Ratner white elephant.

Posted by lumi at February 17, 2006 11:14 AM