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April 24, 2008

MTA head "concerned" about $100M owed by FCR; developer says first tower residential

Atlantic Yards Report

MTAWebinar.jpg Norman Oder tuned in to the MTA's "webinar" and provides some coverage and analysis and parses Forest City Ratner spokesperson Loren Riegelhaupt's response to The NY Observer:

The Observer's report also quoted FCR spokesman Loren Riegelhaupt, who stated that the first building to open, along with the arena, would be residential. That means that Building 1, aka Miss Brooklyn, remains on hold until an anchor tenant is found, as the New York Times first reported last month. It also means that, unless certain parts of Building 1 are completed, the arena would open without the Urban Room, the atrium that would serve as a combination building lobby, arena entrance, subway entrance, retail/restaurant space, and public gathering space.

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Posted by lumi at April 24, 2008 5:34 AM