Maybe the truncated new web site for Forest City Ratner, currently just two pages, embodies current lean times . Or maybe the site, which offers less information than its previous incarnation, is just a work in progress, with links coming to projects like Atlantic Yards and Ridge Hill . (Fun fact: Ridge Hill offers December 2008 construction updates ; Atlantic Yards does not .) Either way, it's notable that FCR now prominently cites its history as "a firm that consistently takes on and completes large, complex mixed-use projects"--a statement that reinforces the company's intention to ultimately forge ahead with the Atlantic Yards project. (Click on all graphics to enlarge.) The new web site The home page offers an aerial photo of MetroTech in Downtown Brooklyn: Forest City Ratner Companies, a wholly owned subsidiary of Forest City Enterprises, has developed, and currently owns and operates, 11 million square feet of commercial property in the New York metropolita...
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.