The Wall Street Journal talked to new Forest City Ratner CEO Joanne Minieri. She’s a Brooklyn native, and she had lots to say about the firm’s Atlantic Yards project in that borough:
WSJ: What effect do the current credit markets and housing softness have on projects such as Atlantic Yards in Brooklyn [a development that will include 16 skyscrapers with 6,400 housing units, offices and shopping as well as a new arena for the New Jersey Nets basketball team]?
Ms. Minieri: We will probably encounter a couple of different market cycles as we move through that development. We think it’s a tremendous opportunity to help the economy to revitalize the neighborhood — all the things we like to do in our development projects… We are proceeding according to plan.
WSJ: How does it feel to work on a major Brooklyn project such as Atlantic Yards?
Ms. Minieri: I can’t tell you how it really feels to be a Brooklynite and to be part of a company that’s done incredibly historic things … It gives me the goose bumps.