And that's not all. Taking a page from Two Trees Development's New Domino Plan in Williamsburg, Forest City is promising a hefty amount of newfangled office space, leased to startup and tech businesses. The Wall Street Journal yesterday reported We Work Joins Seward Bid:
Last week, developer Forest City Ratner Cos. included plans for an approximately 400,000-square-foot WeWork headquarters facility in its bid to develop a series of buildings that include retail and below-market rate housing at Seward Park, which is owned by the city, [WeWork's] Mr. [Adam] Neumann said.If Forest City's team prevails, Henry Street would move its workforce development program to the new office space.
Other developers vying for the site include the Related Cos., a team of L&M Development Partners and BFC Partners, and a venture of AvalonBay CommunitiesInc. and Jonathan Rose, people familiar with the bids have said. The city is expected to chose a winning bidder by the end of the year.