Thursday, February 10, 2011

First AY residential building to break ground this year?

The headline in the Real Deal is First residential building at AY to break ground this year, but the actual quote is this, from Forest City Ratner executive MaryAnne Gilmartin:
She said Forest City Ratner hopes to begin construction this year.
A year ago, however, another executive said they planned to break ground in the fourth quarter of 2010.

In other words, headlines shouldn't be definitive.

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