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June 2, 2011
Ratner Seeking $100 Million for Apartment Tower at Atlantic Yards Site
Bloomberg
by David M. Levitt and Betty Liu
The developer of the Atlantic Yards project in New York’s Brooklyn borough plans to borrow about $100 million to construct an apartment tower near the basketball arena now going up on Flatbush Avenue.
Work should start on the apartment building in December or January, Bruce Ratner, Forest City Ratner Cos. chairman and chief executive officer, said today in an interview on Bloomberg Television. The tower would join the Barclays Center sports arena as the second structure at the $4.9 billion, 22-acre project in downtown Brooklyn.
“We’ve already talked to banks and we will be able to get a loan,” Ratner said.
NoLandGrab: We'll believe construction of any Atlantic Yards housing when we see it, not when Bruce predicts it. And for the millionth time, the project is not in downtown Brooklyn.
Posted by eric at June 2, 2011 8:54 AM