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February 7, 2008
Ratner's other battle
While Atlantic Yards still faces hurdles, the developer's Westchester project is under way
The Real Deal
by Mark Ferris
Real estate trade mag The Real Deal provides an update on Ratner's Ridge Hill Village, comparing it and contrasting it with Atlantic Yards.
Forest City Ratner is practically a household name in the city because of its controversial Atlantic Yards project, which is set to remake a massive swath of Brooklyn.
But a short distance north, in Westchester County, the developer has another contentious project—one that is several steps ahead of its Brooklyn development.
Four miles from the Bronx border, Ridge Hill Village will be the largest development project in Yonkers history—just as Atlantic Yards will be for Brooklyn.
The mixed-use complex is projected to cost $630 million. After five years of fierce opposition and legal challenges, the company held a ceremonial groundbreaking on the site in November, and construction is now in full swing.
Posted by eric at February 7, 2008 10:41 AM