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January 6, 2012

FCR's Gilmartin tells Crain's that shutdown of facade fabricator will not cause delays. How will the other steel plates be delivered? They're not saying.

Atlantic Yards Report

The ever-penetrating Crain's New York Business gets Forest City Ratner on the phone to say that, never mind, nothing's wrong. In Barclays Center developer says show will go on, Crain's reports:

The developer of the Barclays Center arena in downtown Brooklyn says that the year-end demise of the company that is fabricating the weathered steel for the arena's distinctive façade will not result in any construction delays. ...“We are concerned when any of our partners has problems, but we don't believe it will affect our construction schedule,” said MaryAnne Gilmartin, executive vice president of Forest City Ratner, referring to steel fabricator ASI Limited having gone out of business. “We can still continue with construction.”

Of course they can still continue with construction. The question is where they get the specially fabricated, pre-weathered steel. It's not an off-the-shelf product. Crain's continues:

Ms. Gilmartin said that a large portion of the weathered steel had already been erected. She couldn't immediately say how much still needed to go up. She added that Forest City is working to insure the steel will continue to be made and to be delivered to the site in a timely fashion, but declined to offer details.

That's plenty vague; they won't say how much work is left, and they won't say how they'll get the steel. Of course it's possible that ASI Limited will reopen, which is likely the best-case scenario, and all will work out. But it's also possible that the construction schedule, which has already slipped, as I reported this morning, could slip more.

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Posted by eric at January 6, 2012 12:16 PM