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November 2, 2011
Mill Basin big-box is killed
Brooklyn Daily
by Thomas Tracy
Brooklyn’s biggest developer has pulled out of a controversial plan to build a shopping center that would include a Walmart-sized store on city owned land near Kings Plaza, killing the Flatbush Avenue project that was connect to Carl Kruger.
Forest City Ratner Companies is walking away from it’s plan to build a big-box retail outlet on the city-owned Four Sparrows Marsh next to the Toys ’R’ Us on Flatbush Avenue between Avenue U and the Gil Hodges Bridge, which the scandal-scarred state senator had been pushing the company to get done.
Insiders say Forest City Ratner Companies owner Bruce Ratner, who is currently building the controversial Atlantic Yards, the biggest development project in the borough, canned his plans for the Four Sparrows Marsh when he couldn’t find a suitable tenant.
...Other sources said Ratner didn’t want to deal with possible lawsuits from environmentalists who threatened to sue if he broke ground on the marshlands.
But there’s also the Kruger (D–Brighton Beach) connection...
NoLandGrab: The better headline, of course, would have been "Bruce: 'F**k the Shopping Center.'"
Posted by eric at November 2, 2011 10:09 AM