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August 28, 2007
Forest City Set to Break Ground on 1.2M-SF Mixed Use Later This Year
Project to Achieve LEED Certification
CoStar Group
By Sasha M Pardy
Later this year, Cleveland, OH-based Forest City Enterprises' Ratner division will officially break ground on a massive mixed-use development located near the NY State Thruway and Spain Brook Pkwy in Yonkers, NY. The 1.2-million-square-foot Ridge Hill Village Center will be complemented by 1,000 residences (including affordable and senior housing), 156,000-square-feet of office space, a hotel, and conference center. Completion for the 81-acre project is anticipated for 2009; tenants have yet to be announced, as a $630-million construction loan was just secured. The New York City office of Ripco Real Estate serves as leasing agent for Forest City on the project.
As part of the company's ongoing commitment to sustainability, Forest City has identified Ridge Hill as a development it plans to achieve LEED Certification on. The company currently has been awarded LEED certification on the 1.2-million-square-foot Northfield Stapleton in Denver and is in process with LEED Certification at its recently delivered Promenade Bolingbrook in the Chicago area.
NoLandGrab: The article doesn't share the fact that Forest City fell short of its pledge to achieve LEED certification in the Times Tower building.
Posted by lumi at August 28, 2007 8:37 AM