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September 4, 2008

Forest City in the News

The Columbus Dispatch, Corporate cruise able to double as storm fundraiser

Forest City Enterprises co-sponsors a fundraising cruise for hurricane victims:

Five corporations that sponsored a Mississippi River cruise Sunday night for Ohio's delegation to the Republican National Convention didn't scrimp on the booze, shrimp, salmon and sushi. They even footed the bill for an elaborate ice-carving depicting the state of Ohio flanked by elephants.

But the corporations and the delegates themselves also raised money for the American Red Cross to help victims of Hurricane Gustav. A hurried fundraising effort led by former Sen. Mike DeWine and his wife, Fran, netted $12,408 for the Red Cross from the delegation and guests.

First Energy, the American Chemistry Council, Abbott Laboratories, Forest City Enterprises and Boehringer Ingelheim, sponsors of the cruise, matched that take -- for a total of $24,816.

The Baltimore Sun, Rehabbing starts today for homes in Middle East

Forest City is starting work on some of the housing for the Johns Hopkins biotech park project, which involves rehabbing the homes of some of the hundreds of households that were displaced.

Plans call for restoring many of these homes to their late 19th-century appearance on the exterior and remodeling the interiors with energy-efficient features. EBDI [East Baltimore Development, Inc.] will kick off the project today, starting with two homes on East Chase Street.

The group says it hopes to sell homes first to relocated residents or to those whose homes are being targeted in the next phase of development. Displaced homeowners will be eligible for a new "house-for-a-house" program to allow them to trade their old homes for the renovated ones.

The Denver Post, Fitzsimons smokestack is demolished

The last residents inside the 133-foot smokestack that has towered over the former Fitzsimons Army Medical Center for 90 years took flight Wednesday as a wrecking ball tapped on the bricks. The 21 pigeons circled twice and gave up as the first bricks fell, marking the beginning of a $100 million development piece of what is known as the Colorado Science and Technology Park at Fitzsimons, the latest addition in the base's 30-year redevelopment plan.
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The 184-acre Colorado Science + Technology Park project already has a pair of bioscience incubator buildings and is to include a 175,000-square-foot building for University Physicians Inc.

Developed by Forest City Science + Technology Group, a division of Forest City Enterprises, the park will give businesses a chance to locate closer to medical campuses and research labs.

MarketWatch, Press release: Forest City Breaks Ground at Colorado Science + Technology Park at Fitzsimons

Posted by lumi at September 4, 2008 3:43 AM