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June 18, 2008
Forest City in the News
The Journal News, Full disclosure needed on development plans
New Rochelle has already chosen Forest City Residential to head the city's controversial development plan, which (no surprises here) includes the threat of eminent domain.
In a letter to the editor, one resident questions the town's hell-bent quest for redevelopment, while current housing stock sits vacant.
The Journal News, New Rochelle council remains divided as key Echo Bay vote looms tonight
Some New Rochelle councilmembers still had questions before a vote to approve one aspect of the Echo Bay project, while other aspects remain unresolved:
The other Republican council members who have raised concerns, Louis Trangucci and Albert Tarantino, say they are uneasy about taking on debt while matters like the lease remain unresolved. They also say they want to know more about the projected benefits of the Echo Bay redevelopment, information that won't be available until next year when Forest City Residential is expected to submit a completed impact statement for the development.
Pacific Business News, Solar-power system part of Navy housing
A developer that manages thousands of homes on Oahu military bases launched a 107-kilowatt photovoltaic system Monday that will generate enough electricity to power 10 homes per month.
Forest City Military Communities' system at the Navy's Halsey Terrace neighborhood community center, which was built with 477 SunPower 225-watt solar panels affixed to the roof, will generate 13,000 kilowatt hours of electricity per month.
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Forest City received a technical assistance award from the U.S. Department of Energy's Solar America Showcase program to develop the Halsey Terrace photovoltaic system.Forest City Military Communities is rebuilding about half of a total 6,564 housing units in 34 neighborhoods on Oahu and Kauai through a public-private partnership with the Navy.
Rocky Mountain News, New Town Builders plans affordable units at Stapleton
Stapleton today unveiled its latest affordable for-sale homes for income-qualified families. New Town Builders has completed the 68-unit 29th Drive Row Homes and residents will begin to move in at the end of the month. "The response to the 29th Drive Row Homes has been very positive," Denise Gammon, senior vice president of residential development of Forest City Stapleton, said in a statement.
DevnerPost.com [Blog], Home being built to help fund education
Forest City donated the lot for a house being built to raise funds for "the Challenge Foundation, a nonprofit organization that helps low-income students attend college by funding their education at local middle and high prep schools. The foundation hopes to raise about $42,000 to sponsor six students in the program."
Posted by lumi at June 18, 2008 4:59 AM