Sunday, May 03, 2015

From the Commercial Observer Power 100: Ratner and Glimartin "continue to execute" vision (including modular?)


Below, a few AY-related excerpts from the Commercial Observer's latest edition of the Power 100. (The numbers in parentheses represent the individual's ranking last year.)

30. Darcy Stacom and William M. Shanahan (34),  Vice Chairmen of CBRE:
In what seemed to be a boom year, CBRE led that charge by brokering big partnerships and leases throughout the city. That includes arranging for the Shanghai-based Greenland Holding Group’s purchase of a 70 percent stake at Pacific Park—partnering up with Forest City Ratner. The project has nearly 2,500 affordable housing units under construction...
Not sure they're all under construction, actually.

79. MaryAnne Gilmartin and Bruce Ratner (73), President and CEO and Executive Chairman of Forest City Ratner Companies:
Forest City Ratner Companies, led by Mr. Ratner and Ms. Gilmartin, has spent the past year continuing to execute its vision for Pacific Park Brooklyn, the re-branded Atlantic Yards. After substantial delays, construction has resumed at the 32-story B2 BKLYN, the project’s modular residential component. When completed, the 346,000-square-foot tower at 461 Dean Street will be a cornerstone of the 22-acre development and the world’s tallest modular building.

“Recognizing [Bruce and me] together is especially befitting since it is the power of our partnership that drives the vision and results in our company,” Ms. Gilmartin told Commercial Observer. “We are carrying through on our commitment to create a more livable, dynamic and global 21st century city.”—D.S.
I'm not sure why the modular building is getting such kudos. We still don't know how fast--and how well--it will be finished, or whether they'll build another modular tower. Given the legal battles over modular, it's notable that the Forest City crew received such a relatively minor downgrade on the list.

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