The Real Deal New York

Posts Tagged ‘forest city ratner’

  • From left: Rendering of 550 Vanderbilt Avenue in Prospect Heights and Forest City Ratner CEO MaryAnne Gilmartin

    From left: Rendering of 550 Vanderbilt Avenue in Prospect Heights and Forest City Ratner CEO MaryAnne Gilmartin

    Chinese developer Greenland Group and Forest City Ratner secured a $200 million construction loan from HSBC Holdings for 550 Vanderbilt Avenue, a 278-unit condo project that is part of Pacific Park.

    550 Vanderbilt is one of four residential projects currently under construction in the 15-building megaproject, which will contain a total of 6,430 units, 2,250 of which will be affordable. [more]

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  • Rendering of 550 Vanderbilt and MaryAnne Gilmartin

    Rendering of 550 Vanderbilt at Pacific Park Brooklyn (credit: VUW Studio) and MaryAnne Gilmartin

    UPDATED, 4:54 p.m., June 15: After years of delays, the first condominiums at the Pacific Park Brooklyn development site near the Barclays Center opened for sales this week. [more]

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  • Empty lot at 615 Dean Street in Prospect Heights

    Empty lot at 615 Dean Street in Prospect Heights

    Greenland Forest City Ratner Partners is preparing to put up another building, a 26-story residential tower, in the Pacific Park megadevelopment, according to a permit application filed with the Department of Buildings Monday.

    The tower, located at 615 Dean Street between Vanderbilt Avenue and Carlton Avenue in Prospect Heights, will contain 244 apartments across 312,750 square feet. An additional 4,000 square feet will be set aside for commercial space, including ground-floor retail. [more]

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  • From left: 550 Vanderbilt Avenue and MaryAnne Gilmartin

    From left: 550 Vanderbilt Avenue and MaryAnne Gilmartin

    Forest City Ratner may be famous for betting big on Brooklyn, but its CEO MaryAnne Gilmartin isn’t as bullish on the borough as she used to be.

    “Brooklyn might be a little overheated for us,” Gilmartin said Wednesday at the Honest Buildings Real Estate Innovation Summit, held at 7 World Trade Center. She added that real estate prices in Brooklyn have gotten “out of control.” [more]

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  • From left: renderings of the Durst Organization's tetahedron on West 57th Street and Pacific Park in Brooklyn.

    From left: renderings of the Durst Organization’s tetrahedron on West 57th Street and Pacific Park in Brooklyn

    Congress might make some changes to the EB-5 program, when it’s up for renewal in September.

    In New York, this could mean that real estate projects that are developed with the help of the visa program would have to be built in low-income areas. [more]

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  • Rendering of the East River Plaza in Harlem (credit: TEN Arquitectos) (inset: Bruce Ratner and Edward Blumenfeld)

    Forest City Ratner and Blumenfeld Development Group have already agreed to include 25 percent affordable units in their massive East River Plaza project in Harlem, but whether or not they will opt to use union labor is still in question. [more]

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  • 1 Pierrepont Plaza in Brooklyn Heights (inset: Hillary Clinton)

    1 Pierrepont Plaza in Brooklyn Heights (inset: Hillary Clinton)

    Brooklyn may have been #ReadyforHillary for a while. Now, Hillary Clinton is finally ready for Brooklyn. The likely Democratic nominee is making good on rumors that her imminent presidential campaign will be headquartered in Brooklyn, signing a lease for 80,000 square feet at Forest City Ratner’s 1 Pierrepont Plaza. [more]

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  • B2 Forest City

    Rendering of B2 and Forest City’s MaryAnne Gilmartin (credit: STUDIO SCRIVO)

    Forest City Ratner announced yesterday that it will restart construction on the Pacific Park tower that stalled following its dispute with contractor Skanska, including resetting some modules that have become misaligned.

    In a statement yesterday, the developer said that plans for the 32-story tower B2 include “re-aligning modules in plan [sic; surely: plane] and elevation using bolt on adjustment plates and/or possibly lifting some modules with the crane and re-setting,” according to Atlantic Yards/Pacific Park Report. Half of the tower’s 363 units are slated to be affordable. [more]

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  • Clockwise from left: Erik Ekstein,

    Clockwise from left: Erik Ekstein, rendering of 45-05 Rockaway Beach Boulevard, the former St. Augustine Catholic Church in the Bronx, Maryanne Gilmartin and a rendering of Forest City Ratner’s proposed rental towers in Brooklyn

    A new megadevelopment at the former Rheingold Brewery in Brooklyn, a 40-story tower at the former location of a church’s parish house on East 31st Street in Manhattan and a 12-story residential project on the site where the St. Augustine Catholic Church once stood in the Morrisania section of the Bronx: New York is changing, and February’s top 10 permit applications illustrate how dramatic the transformation will be. These projects and more after the jump.

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  • From left: MaryAnne Gilmartin, Susi Yu and Bruce Ratner

    From left: MaryAnne Gilmartin, Susi Yu and Bruce Ratner

    While Forest City Ratner’s president and CEO MaryAnne Gilmartin is widely acknowledged as one of the most powerful figures in the real estate community, not many realize that she presides over an impressively gender-balanced team of development leaders. [more]

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  • The Barclays Center

    The Barclays Center in Brooklyn

    UPDATED, Feb. 25, 2:02 p.m.: A construction worker at Greenland Forest City Partners’ Barclays Center was crushed to death today by several falling steel beams at the Brooklyn arena, according to NBC News. [more]

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  • From left: rendering of Forest City Ratner's proposed rental towers (Credit: SHoP Architects) and Maryanne Gilmartin

    From left: rendering of Forest City Ratner’s proposed rental towers (Credit: SHoP Architects) and Maryanne Gilmartin

    UPDATED 4:00 p.m., February 19: Greenland Forest City Partners — a joint venture between Greenland USA and Forest City Ratner Companies — filed plans to build a 23-story building at 30 Sixth Avenue in Prospect Heights, according to property  records filed with the city today. [more]

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  • The New York Times building at 620 Eighth Avenue and MaryAnne Gilmartin

    The New York Times building at 620 Eighth Avenue and MaryAnne Gilmartin

    (From the archives): Forest City was considered the least likely of five finalists to win the job — until Gilmartin led a presentation that “blew everyone away at the Times,” Tighe said.

    Not only did she have a “complete understanding of the site” and the complexities surrounding the interplay between the public and private players, she also brought a dramatic flair: Halfway through the presentation of facts and figures, the door burst open and an actor dressed as an old-fashioned newsboy burst in, waving an old New York Times and shouting headlines.

    “In someone else’s hands, it might have been hokey,” Tighe said. “But with her, it sent a message: ‘Come with us, we will not only be a success, but we will have fun along the way.’ I remember everyone being surprised and laughing. … They came in underdogs and walked out the clear standout.”

    To read the full story from the March 2013 issue, click on “MaryAnne’s Moment.” 

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  • atlantic-yards-burch

    From left: Melissa Burch, Susi Yu and B2 rendering

    Melissa Burch, executive vice president of commercial and residential development at Forest City Ratner and the person overseeing the developer’s Pacific Park megaproject in Brooklyn, has jumped to construction giant Lend Lease. [more]

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  • Atlantic Terminal Office at 139 Flatbush Avenue and Bruce Ratner

    Atlantic Terminal Office at 139 Flatbush Avenue and Bruce Ratner

    A company controlled by Forest City Ratner may be in line to receive $90 million in tax-exempt bonds to refinance Atlantic Terminal Office, the proposed site of the Democratic National Convention. [more]

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  • Regus' Mark Dixon and One Pierrepont Plaza

    Regus’ Mark Dixon and One Pierrepont Plaza

    Office-space provider Regus is headed to Brooklyn after signing a 38,000-square-foot lease at Forest City Ratner’s One Pierrepont Plaza office building.

    Regus, which provides part-time office, co-working spaces and short-term rentals at several buildings in Manhattan, inked a 12-year lease for the entire 12th floor in the property located on the edge of Brooklyn Heights and Downtown Brooklyn. [more]

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  • 20140904_forest_city_skanska_b2

    From left: Forest City Ratner’s MaryAnne Gilmartin, B2 and Skanska CEO Michael McNally

    Forest City Ratner signed a deal to buy financial partner Skanska USA Building out of its stake in a closed Brooklyn Navy Yard factory that was producing modular units for the Pacific Park residential development. [more]

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  • barclays

    From left: Barclays Center, Bruce Ratner and Brett Yormark

    As Forest City Enterprises gears up to sell part of or all of its 55 percent stake in the Barclays Center through an auction, shareholders are concerned that the firm’s executive chairman Bruce Ratner will still wield too much control. [more]

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  • barclay

    Barclays Center in Brooklyn, Stephen Schwarzman and MaryAnne Gilmartin

    Private equity giant Blackstone Group’s Stephen Schwarzman has agreed to buy up old loans for billionaire Mikhail Prokhorov’s Brooklyn Nets and the Barclays Center, of which Forest City Ratner has a 55 percent stake. [more]

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  • From left: The former structure at 625 Fulton Street (via PropertyShark) and MaryAnne Gilmartin of Forest City Ratner

    From left: The former structure at 625 Fulton Street (via PropertyShark) and MaryAnne Gilmartin of Forest City Ratner

    Forest City Ratner is at a fork in the road with respect to its development site at 625 Fulton Street. Either the firm will sell the plot, which is asking $185 million, or it will find a development partner to construct a residential tower. [more]

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