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April 27, 2009
Forest City in the News
Baltimore Business Journal, To jump-start East Baltimore biopark, Forest City may scale back
Sometimes you build it and they don't come:
While officials of the Science + Technology Park at Johns Hopkins say they are not altering the master plan for the $1.8 billion project, they are considering cutting in half the size of a planned 280,000-square-foot lab building that is supposed to be constructed next. Or the project’s developer, Cleveland’s Forest City Enterprises Inc., could bump ahead in the development pipeline a 150,000-square-foot research facility planned for the project’s third phase.
Regardless of how Forest City proceeds, it has to do something to attract tenants and help finance the project, said Scott Levitan, a senior vice president with Forest City who handles leasing for the project, a key component of Gov. Martin O’Malley’s plan to boost Maryland biotech industry. More than eight years after then-Baltimore Mayor O’Malley unveiled plans for the sprawling redevelopment north of Johns Hopkins Hospital, the project is behind schedule, over initial budget projections and the first building is half-leased.
Denver Post, Stapleton-Northfield roadway primed to go
A road tying Forest City Enterprises's award-winning Stapleton project with other area projects is slated to receive federal stimulus money.
GlobeSt.com, Ballot Petition Back to State Supreme Court
Foreset City Enterprises's deal with the City of Las Vegas is embroiled in courtroom drama.
Posted by lumi at April 27, 2009 5:04 AM