Wednesday, June 29, 2016

Forest City retail head Welch departs, was working on (delayed) Site 5 project

The Commercial Observer reported yesterday, in Forest City Ratner’s Director of Retail, Kathryn Welch, Leaving the Company:
After more than 30 years, Kathryn Welch is leaving Forest City Ratner Companies as of this Saturday, she said in an email blast with her updated contact information. It wasn’t immediately clear where she is headed.
Welch not only oversaw projects like Atlantic Center and Atlantic Terminal in Brooklyn, and Ridge Hill in Yonkers, but also was spearheading the planned effort to construct a major retail project at Site 5, which is delayed because of litigation.

Neither Welch nor  Forest City "immediately responded to a request for comment," according to the Commercial Observer. The lack of fanfare and seeming short notice contrasts with the more clearly amicable departure, say, of the Downtown Brooklyn Partnership's head.

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