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September 29, 2008
Developer unveils Gehry-designed development
Forbes.com
by Paul Foy
A developer of a Frank Gehry-designed "community from scratch" who actually admits he can't raise the money to do the project? Nope, it's not Bruce Ratner, who's still in denial, claiming a December groundbreaking in the face of much evidence to the contrary.
A developer unveiled a scale model Wednesday for a Frank Gehry-designed "masterpiece" community but acknowledged he would have a difficult time raising billions of dollars for the project.
..."I expect the financial markets will soften and things will get better," said [developer Brandt] Andersen, a 31-year-old software entrepreneur who started uSight while still a student at Brigham Young University. He sold the company in 2004 and turned to real-estate development.
Andersen said he hopes to get started on The Point in two or three years along Interstate-15 about 30 miles south of Salt Lake City.
The Point development differs from Atlantic Yards in that it would be built on an 85-acre parcel on which nothing other than nature previously existed. But Frank Gehry seems to be reading from the same script.
"It's a community from scratch that has everything that a community needs, on a gorgeous site in a great part of the world."
..."We're not going to do these things just for the glory or PR. We're going to do things that are real," Gehry said. "It's not just phony-baloney."
Posted by eric at September 29, 2008 1:00 PM