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March 17, 2008
Forest City in the News
The Tampa Tribune, S.R. 56 Gets Scooped For Extension
Developers as performance artists?
Developers and Pasco County officials will formally break ground Wednesday on the long-awaited eastern extension of State Road 56.
Rather than the usual golden shovels, the assembled dignitaries will use an enormous ice cream scoop to kick off the project at 10:30 a.m., said Leslie Reznick, spokeswoman for Forest City Enterprises, one of the two developers overseeing the $25 million road project.
Forest City and its partner, West Palm Beach-based The Goodman Co., are building the 800,000-square-foot Shops at Wiregrass open-air shopping center at the northeast corner of S.R. 56 and Bruce B. Downs Boulevard.
NoLandGrab: At the risk of sounding unintelligent, what the heck is the ice cream scoop for?
Cleveland Plain Dealer, Medical Mart and Convention Center site selection process should involve the public
The announcement Thursday that Cuyahoga County had reached agreement with a private developer on a new Medical Mart and convention center raises the huge question of where to put the facilities.
One thing is clear now: There are no plans for public involvement early in the process, even though choosing a site is one of the biggest city planning issues facing the city.
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Forest City Enterprises, the publicly held real estate company that owns Tower City, prepared proposals for a convention center on the Cuyahoga riverfront in 2003 and 2005.The company argued that Tower City makes the ideal location because the complex sits atop the rapid transit hub of the Greater Cleveland Regional Transit Authority.
GlobeSt.com, Pfizer Inc. Sees Interest in 2M-SF Mixed Site
ANN ARBOR, MI-Pfizer Inc. has had more than 60 tours of its 2.2-million-sf site that it plans to vacate by 2009, including a visit from Cleveland-based developer Forest City Enterprises Inc. The drug maker, based in New York City, announced last spring that it would be closing down the Ann Arbor property, which has 28 buildings spread over 175 acres, and sending some employees elsewhere. The company is cutting 10,000 jobs worldwide, including most of the jobs here.
A Forest City spokeswoman tells GlobeSt.com that Michael Rosen, SVP for new business development of the company’s Science and Technology Group, did take a look at the property. However, she refused to provide more details, and Rosen could not be reached for comment. “Touring sites is something we do all the time across the country,” she says. “We really don’t have anything to announce.” The company has bought Pfizer properties before, including a one-million-sf site in Skokie, IL, creating a business park where Rosen himself is now based.
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Pfizer is also closing plants in Kalamazoo, and two manufacturing sites in Brooklyn, NY and Omaha, NE.
Conntact.com, Irons in the Fire
Despite the downturn in the national economy, economic development in downtown New Haven continues apace.
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Forest City Enterprises is assessing environmental issues at Tract A, the 17-building site of the former U.S. Repeating Arms Co. factory. The company has plans for a mixed-use residential and commercial development, and is working with the Science Park Development Corp., which owns the property.
Posted by lumi at March 17, 2008 7:22 PM