In NYC Power 100, Ratner one notch ahead of City's Housing director; p.r. firm BerlinRosen continues rise; Lewis, James slip
As Mayor Bill de Blasio continues his high-profile push to create or preserve 200,000 units of affordable housing in the city, Ratner has become a key ally. A supporter of the mayor during the mayoral race, Ratner’s development group—Forest City Enterprises—has established itself as a model for how to execute the 80/20 agreements (80 percent market rate/20 percent affordable) that the administration has been touting.That's an odd summary. After all, outside of the 80 DeKalb tower, I don't think Forest City has built any 80/20 buildings. Rather, it is building--with new partner/overseer Greenland--Atlantic Yards (aka Pacific Park Brooklyn), which is about 35% subsidized housing, with 50% of the 4500 rentals "affordable."
Ratner is one notch above Vicki Been, Commissioner of the Department of Housing Preservation and Development, and one below the Rev. Al Sharpton, who actually saw his slot slip from 33 in the wake of the controversy involving his former spokeswoman Rachel Noerdlinger, who left her job as chief of staff to First Lady Chirlane McCray.
One area where he excels is in his affordable housing deals through partnerships with developers who get more market-rate space in return. The strategy of building higher has won over the real estate industry, the prospect of more jobs has kept labor happy, and progressive advocates are looking forward to a more affordable city. It seems like that is a win, win, win.It's a win also because many "progressive advocates" are too scared to call him out on the deals.
Rising in influence, at 18 (from 24) and 17 (from 23) are Jonathan Rosen and Valerie Berlin, principals in BerlinRosen, which ran the de Blasio mayoral campaign and have since "been reaping the benefits." They count Forest City among their clients.
Managing Director, Park Strategies, rose to 47 from 71.