It's notable that Forest City Ratner, which as part of Greenland Forest City Partners now aims--or claims to aim --to build a significant amount of office space at Atlantic Yards/Pacific Park, is getting involved in the the only ground-up tower in Downtown Brooklym. be at 420 Albee Square , on a parking lot just west of the City Point project and between Fulton and Willoughby streets/ The Wall Street Journal, in its real estate roundup yesterday, reported JEMB and Forest City Join Forces on Tower : JEMB Realty Corp. in Manhattan has taken on Brooklyn-based developer Forest City Ratner Cos. to build an office tower in downtown Brooklyn. The site, a vacant parking lot purchased by JEMB in 2014, is on Willoughby Street between Duffield and Gold streets. “We spent almost a year planning a 70-story, mixed-use building,” said Morris Bailey, JEMB’s chairman. “But we looked at the market and saw all the new residential buildings planned. The market felt overloaded...
This watchdog blog, by journalist Norman Oder, covers the 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 Shanghai-based Greenland USA took a majority share. Forest City left in 2018. Eight towers and the arena have been built. After a stall, Cirrus and LCOR in 2025 took over as master developers. A plan to complete the project is pending.