Next month, MaryAnne Gilmartin will be honored with the Real Estate Board of New York’s prestigious Bernard H. Mendik Lifetime Leadership Real Estate Award. For those of us who know MaryAnne – president and CEO of Forest City Ratner Companies – like my colleagues and I do, this achievement will come as no surprise.Isn't the legacy of Pacific Park just a little more murky, given the delays?
The story of MaryAnne’s three-decade career is a testament to her relentless pursuit of success, her keen wit and wisdom, and the perseverance that empowered her to redefine real estate in New York City.
...Not long after leaving the public sector, MaryAnne joined Forest City Ratner Companies as an assistant vice president in the mid-90s, and she never looked back. You can begin to understand her accomplishments at the company just by mentioning some of the iconic projects that have benefited from her leadership.
MaryAnne oversaw the development of the New York Times Building after winning the deal with a presentation that her friends in the industry still marvel at today. She led the way on building and leasing 8 Spruce Street, the Frank Gehry-designed residential tower that helped revitalize Lower Manhattan. And she cemented her legacy by bringing us Pacific Park and Barclays Center, which will help grow Brooklyn’s economy for generations to come. When she took over for Bruce Ratner in 2013 as CEO, there was never any doubt that the baton was being passed into the right hands.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 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 Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.