Even though Forest City Ratner made sure to tout the groundbreaking of the first housing tower at Atlantic Yards late last fall, few would have described the developer’s approach towards housing, particularly affordable housing, as passionate. Forest City Ratner itself has made no secret of the fact that its focus was on the arena, the linchpin of the development site and the first and only building to be completed up to this point.
Apparently, though, newly appointed president and CEO MaryAnne Gilmartin is now thrilled about affordable housing. As she told a crowd of urban planning gurus, developers and real estate powerbrokers at a CURE. (Center for Urban Real Estate) dinner at Columbia University Wednesday night, while all of the positive feedback on the arena had been nice, “it is the housing component that will truly revolutionize the project.” Read More