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November 17, 2006

Ratner Had Planned 8 Percent Scaleback

The Real Estate Observer

Reporter Matthew Schuerman takes a moment to consider the story Norman Oder broke on Atlantic Yards Report two days ago about how the well publicized Atlantic Yards scaleback was already in the hopper:

Norman Oder uncovered a little document on his blog that says volumes about the way things get built in New York: On Jan. 13 of this year, Forest City Ratner presented the Department of City Planning with four different versions of the Atlantic Yards complex, ranging from a massive 8.76 million zoning square feet, which was the publicized version at the time, to a slightly smaller 7.96-million-square-foot version.

When City Planning urged an 8 percent reduction in scale, it was merely asking the developer to adopt something like Option 20B, which was the least dense of the four Frank Gehry versions that developer Bruce Ratner had shown commissioners. What's surprising isn't so much the back-room negotiations as the fact that City Planning did not push for anything substantially smaller than what Ratner was apparently comfortable with.

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Posted by lumi at November 17, 2006 8:05 AM