Modular snag: Forest City admits B2 tower will be one year late, now expected to finish in fourth quarter of 2015
Late yesterday developer Forest City Enterprises made it official, acknowledging in a brief report to the Securities and Exchange Commission that the building will open in December 2015, one year late.
That coincides with a New York Times report today that the new partner, the Greenland Group, aims to start three towers using conventional construction. (Here's my analysis of that article.)
|From SEC report|
It also shows that Forest City Ratner, ever capable of generating publicity for its innovative modular plan, hasn't yet made it work. Think about all the publications who were invited in to report about the inevitable future, including, most recently, Forbes (my critique). Other coverage came from Fast Company, Gizmodo, Brownstoner, and Gothamist.