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May 8, 2008

MetroTech Campus: ‘More Interest Than Available Office Space’

Quarterly Real Estate Roundtable Hears From Forest City’s Gilmartin

Brooklyn Daily Eagle

Linda Collins reports that a Forest City VP publicly stated that construction on the Atlantic Yards signature tower (affectionately redubbed, "B1 Bomber") won't begin until 50% of the space has been leased:

Gilmartin-BDE.jpg

“We have more interest than we have space,” said MaryAnne Gilmartin about the MetroTech Center in Downtown Brooklyn. “We have no space that’s vacant. We have space that is rolling, but spoken for.”

Gilmartin, of Forest City Ratner Companies (FCRC), was speaking at the Brooklyn Real Estate Quarterly Roundtable before a “record crowd” at the Brooklyn Historical Society Tuesday about the different kinds of commercial tenants the company is seeing now.
...
Gilmartin was also quizzed about the Atlantic Yards project. (Gehry’s updated designs were published in the Eagle on Tuesday.)

“The project is moving forward and work on the [Barclay] arena will begin in the later part of 2008,” she said. “It is one of the most beautiful arenas ever designed, ever built, and will be a big plus for Brooklyn.” She added that she is certain the Nets will be playing there in the 2010-2011 season.

Work will begin on the new office building, formerly known as Miss Brooklyn but now called B-1, when an anchor tenant has been secured, according to Gilmartin. At least 50 percent of the 650,000-square-foot building must be leased before construction can begin.

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Posted by lumi at May 8, 2008 6:20 AM