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November 6, 2009
Forest City goes one for two with Gehry
The Real Deal
by C.J. Hughes
For the megadeveloper Forest City Ratner Companies, the last few months can be seen as a tale of two projects.
The worst of times seems to have taken hold at Atlantic Yards, the proposed 22-acre development of apartments, offices and a basketball arena in Brooklyn. In June, Forest City dumped architect Frank Gehry, whose eye-catching designs helped generate much of the project's initial excitement.
And last month, the Empire State Development Corporation, the state authority backing the project, had to face the state's Court of Appeals in a case about the legality of its eminent-domain actions after being sued by a community group.
But in Manhattan, after a rocky start, it seems to be the best of times -- or at least somewhat more favorable ones, for Beekman Tower at 8 Spruce Street in the Financial District.
The 76-story rental tower will be the tallest residential building in New York. Unlike at Atlantic Yards, Gehry's design (his first residential project in New York) is getting built, despite its stumbles.
Posted by eric at November 6, 2009 11:30 AM