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November 14, 2007
Forest City in the News
The good, bad and the ugly from Forest City:
The Denver Post, Hypocrites or 'hood winked?
Wagner claims he was deceived by his Realtors, Stapleton and Forest City Enterprises, the developer of the area, when he bought his home off Central Park Avenue.
The Wagners bought a modestly priced house and planned to move from there in four or five years to a larger residence. Wagner maintains he was led to believe a "green" space - something soft, open and verdant - would be placed next door.
Wagner now finds himself right on top of 18 units of rental space for affordable living. He claims to have no problem with economic diversification. He has a problem with being deceived.
Instead of a place next door to play with his kid, he says, "people will be able to see me watch TV from one window and feed my son through the other."
Moreover, Wagner believes his long-term investment will depreciate.
Business Wire, Macy’s Announces Plans for a New Store in Tampa
Macy's is coming to Forest City's "new lifestyle development" (fancy term for mixed-use mall):
“Macy’s is an excellent addition to The Shops at Wiregrass, which opens in Fall 2008. The brand brings great value to our property and a great shopping opportunity to the residents,” said Brian J. Ratner, president, East Coast Development, Forest City Commercial Group.
NoLandGrab: Hey, remember when there used to be a Macy's at Bruce Ratner's Atlantic Center mall?
The Honolulu Advertiser, MILITARY HOMES MANAGER HONORED
Forest City Military Communities Hawaii has received two national awards for its public-private housing partnership with the Department of the Navy, Hawaii — the Navy Installation Housing Team of the Year award from the Professional Housing Management Association and a Project of the Year merit award from Multifamily Executive.
Newsday, Big changes in store for South Street Seaport?
We don't know what search engine Dave Freedlander was using over at Newsday, but this brief description of the Ratner-Gehry project on Beekman St. is a little moldy:
Just up the road, Forest City Ratner is building a 75-story tower designed by Frank Gehry that will house Pace University, New York University hospital outpatient services and residences.
NoLandGrab: Pace University pulled out of the deal, like, more than two years ago.
Posted by lumi at November 14, 2007 5:07 AM