So, how full is 461 Dean (aka B2)? According to Forest City Realty Trust's Form 10-K annual report, issued yesterday and submitted to the Securities and Exchange Commission, it was 19% leased, as of a week earlier, 2/20/17.
The building has 363 units, so that means 69 apartments. However, since leasing started first for the "affordable" units, which represent half the building, it's likely that a disproportionate number are below-market. Forest City Ratner surely worries more about leasing up the market-rate units to deliver returns.
The building has 363 units, so that means 69 apartments. However, since leasing started first for the "affordable" units, which represent half the building, it's likely that a disproportionate number are below-market. Forest City Ratner surely worries more about leasing up the market-rate units to deliver returns.
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