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September 14, 2006
Forest City in the News
Miami Herald, Gulfstream Village plan is scaled back
Forest City adjusts development plans for one project in Florida due to the downturn in the housing market.
But at a public forum Wednesday, Will Voegele, the company's regional director of development, said that the market demand is not currently there for the residential units.
So the first phase of the 60-acre project, next to the Gulfstream Park horse track, will include around 70 shops and restaurants.
''We had plans to build residential with the first phase, but the market indicates that's not a feasible approach,'' Voegele said.
The Cleveland Plain Dealer, Jackson will take a gamble on slots
Forest City wants in on the action to bring slot machine parlors to Cleveland.
Cleveland Mayor Frank Jackson is ready to gamble.
Jackson on Wednesday announced he will support a November ballot proposal that would bring two slot machine parlors to the core of his struggling city.
...
The group hammered out the proposal this spring with the state's seven horse track owners, Forest City Enterprises Inc. and investor Jeff Jacobs.The Learn and Earn issue would amend the Ohio Constitution to allow 31,000 slot machines at nine sites, including Forest City's Tower City complex and Jacobs' Nautica Entertainment Complex.
InsideBayArea.com, Upscale shopping coming to S.F.
Forest City is partners with Westfield Group in the newly renovated San Francisco Centre.
The San Francisco Centre is jointly owned by Australian shopping center developer Westfield Group in a partnership with Forest City Enterprises of Cleveland. All but 5 percent of the mall's space had been leased as of this week, Westfield officials said.
Posted by lumi at September 14, 2006 7:07 AM