The Real Deal New York

Forest City goes one for two with Gehry

As Atlantic Yards stalls, Beekman Tower skyscraper sprouts

November 03, 2009 06:32PM
By C. J. Hughes

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From the November issue: 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.

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