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May 4, 2009
Forest City in the News
Institutional Investor, Harlem Mixed-Use Complex Goes Up For Sale
The parent company of Atlantic Yards' developer is still selling assests to raise much-needed cash. An excerpt from the subscription-only site:
Forest City Enterprises is shopping a leasehold interest in Harlem Center, a 274,000-square-foot retail and office condo complex in Manhattan. Cushman & Wakefield has the listing.
The property is located on the corner of 125th Street and Malcolm X Blvd.
NY Daily News, Silverstein Properties launches Manhattan's tallest rental
Leasing starts next week at [Larry Silverstein's] Silver Towers, two 60-story glass structures at 42nd St. and 11th Ave. that are the latest addition to the West Side skyline. Now that Forest City Ratner may cut Beekman Tower from 76 to 38 floors, Silver Towers will be the largest and tallest rental in the history of New York.
Kitsap Peninsula Business Journal, Forest City and Navy Region NW break ground for community center
A Forest City subsidiary is one of the largest builders of miliary housing in the nation:
Representatives of Forest City Military Communities (FCMC) and Navy Region Northwest joined forces with public officials to break ground on a new Community Center located in the Southeast Family Housing area of Naval Base Kitsap, Bangor. The project is a part of the ongoing privatization partnership the Navy has undertaken to update its on-base family housing and amenities.
Fresno Bee, Fresno turns to local developers for downtown revitalization
Fresno is going local after Forest City Enterprises flamed out:
Today, many parts of Vision 2010 are in place: A new federal courthouse, a major office building, the first new housing downtown in 25 years. But others have flopped -- especially plans by a national developer, Forest City Enterprises, to rebuild 17 city blocks at downtown's southernmost point.
As a result, the city's top leaders are changing course. No more long waltzes with big builders from faraway cities. Instead, a new focus inward, sprucing up one storefront at a time, relying on local investment and guided by new rules for windows, facades, signs, traffic, parking and landscaping.
Posted by lumi at May 4, 2009 5:06 AM