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October 23, 2008
Forest City in the News
While Forest City's stalled Atlantic Yards megaproject has become the poster project of hubristic urban pseudo-planning, taxpayer-funded boondoggles, eminent domain abuse, etc., other divisions of the Cleveland-based development company are planning ribbon-cutting ceremonies and receiving accolades:
New Mexico Business Weekly, Mesa del Sol wins international honor
Mesa del Sol received an award for technology-based economic development this week from the International Economic Development Council. The council’s awards recognize excellence in the economic development profession.
The group lauded developer Forest City Covington as “trendsetting.” It singled out what it called a unique element in the project’s master plan: the design and development of an economic base ahead of housing.
Oakland Tribune, Forest City's Uptown will help revitalize Oakland's downtown
Now, the final and perhaps most difficult pieces of [Downtown Oakland] revitalization are falling into place with the grand opening Thursday of Forest City's 665-unit Uptown Apartments in the fledgling entertainment district on a triangular wedge of downtown north of the Fox Theatre.
Collectively known as the Uptown Apartments, the buildings blanket much of the area around 19th Street, Thomas Berkley Way (formerly 20th Street), and Telegraph and San Pablo avenues.
The project is a public-private partnership between Forest City and MacFarlane Partners, and the city of Oakland Redevelopment Agency. The agency assembled the land and gave Ohio-based Forest City a financial subsidy of $54.4 million, which includes land costs.
NoLandGrab: In all fairness, it sounds like some controversial decision-making and neighborhood-razing preceded the ground breaking of the Downtown Oakland project.
Posted by lumi at October 23, 2008 5:38 AM