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	<title>Observer &#187; 80 DeKalb</title>
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		<title>Observer &#187; 80 DeKalb</title>
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		<title>JP Rosenbaum: Construction Manager By Day, Bachelorette Winner By Night</title>

		<comments>http://observer.com/2012/01/jp-rosenbaum-construction-manager-by-day-bachelorette-winner-by-night/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 11:06:12 -0400</pubDate>
					<link>http://observer.com/2012/01/jp-rosenbaum-construction-manager-by-day-bachelorette-winner-by-night/</link>
			<dc:creator></dc:creator>
				
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		<description><![CDATA[<p>Want to vet JP Rosenbaum as the construction manager for your next development?</p>
<p>All one has to do is ask the housewives, teenagers, bloggers, reality TV fiends, and just about anyone who’s stood near a magazine rack while waiting in a grocery line, and they will uniformly say that he is the “cute and sweet” chap who swept Ashley Hebert—the titular character in last year’s version of ABC’s <em>The Bachelorette</em>—off her dainty feet.</p>
<p><!--more--></p>
<p><div id="attachment_210670" class="wp-caption alignleft" style="width: 410px"><a rel="attachment wp-att-210670" href="http://www.observer.com/2012/01/jp-rosenbaum-construction-manager-by-day-bachelorette-winner-by-night/jp-for-web/"><img class="size-medium wp-image-210670" title="jp for web" src="http://nyoobserver.files.wordpress.com/2012/01/jp-for-web.jpg?w=400&h=266" alt="" width="400" height="266" /></a><p class="wp-caption-text">Bachelorette winner JP Rosenbaum. (Photo by Kiki Conway)</p></div></p>
<p>Of course, such a vetting may lead developers to lock up their wives and daughters far away from the reality Romeo. But Mr. Rosenbaum, a Long Island native who was raised in a real estate family, is not just America’s most famous fiancé. He may also be America’s most famous construction manager.</p>
<p>“If there was any dirt on me to be had, you would have seen it,” said the 34-year-old Mr. Rosenbaum.</p>
<p>Sitting inside the offices of the J Companies, where he has worked as a construction manager for five years, it appeared that it was indeed back to work for the good-natured and well-dressed Mr. Rosenbaum. And what started out as a lark—he tried out for <em>The Bachelorette</em> after a friend submitted his name on an online application—turned out to be a life-changer for him, he said.</p>
<p>“I always thought I would go away for two weeks, have a vacation, come back, and it would be forgotten about,” he said, a smile growing across his face. “And I came back with a fiancée.”</p>
<p>He also came back with all the attendant hoopla that accompanies on-air betrothals.</p>
<p>The frenzy surrounding his upcoming wedding to Ms. Hebert is still whirring, thanks to People and InTouch magazine coverage (“Ashley and JP’s Dream Wedding!”)</p>
<p>But months have passed since the final episode of the seventh season of <em>The Bachelorette</em>, when Mr. Rosenbaum beat out winemaker Ben Flajnik for Ms. Hebert’s hand, perhaps proving to America’s single ladies that real estate men are made out of sturdier stuff.</p>
<p>Back on Mr. Rosenbaum’s mind, other than his bride-to-be, is the Gallery at Westbury Plaza, a 330,000-square-foot retail development in Nassau County that has already leased out space to Trader Joe’s, Shake Shack and Saks Off Fifth. It is scheduled to open in the fall of 2012.</p>
<p><!--nextpage-->Before he became a reality TV staple, he had been working on the development, which is on the site of the old Avis rental car headquarters and is owned by Equity One, a Miami-based real estate investment trust. The site had five buildings that were abated of asbestos and demolished, and with construction not set to start until summer of 2011, Mr. Rosenbaum had the perfect window to try out for<em> The Bachelorette</em>.</p>
<p>There were no guarantees that he would return to a job with Equity One, or with the J Companies.</p>
<p>“That project was probably our biggest at the moment, and had the developer said, ‘We’re doing fine without you,’” he said, “I don’t know if I would have been hired back here or not.”</p>
<p>“[If] I was to bet, I would say they were going to hire me back. But it was still a risk.”</p>
<p>Mr. Rosenbaum, whose father was a developer and landlord, first went into real estate after college. He worked as a commercial real estate broker at Insignia/ESG’s office in Syosset, grew disillusioned with the business and shifted to online advertising. After three years, he realized his real estate roots were too hard to ignore.</p>
<p>He quit his job, traveled to Australia for two months, returned to the country and got his master’s in construction management at NYU Schack Institute of Real Estate in the night, while working for his father and brother’s real estate business during the day.</p>
<p>After finishing his master’s, one of his professors, Chuck Olivieri, also a senior vice president at Edward J. Minskoff Equities, put him in touch with Allan and David Brot, the fraternal co-owners of the J Companies.</p>
<p>The  Brot brothers were impressed with the young Mr. Rosenbaum. But to get him, they had to do their own bit of <em>Bachelorette</em>-esque wooing.</p>
<p>“We interviewed maybe three times, offered him a job,” said Allan Brot. “He said maybe. We took him out for dinner, he said maybe. We took him out for [another] dinner, he said yes.”</p>
<p>Mr. Rosenbaum quickly went to work, taking part in construction projects like Forest City Ratner’s 80 DeKalb and Savanna Partners’ 141 Fifth Avenue.</p>
<p>He also suffered his own construction heartbreak in the form of 71 Laight Street, working on the preconstruction of the Morris Adjmi-designed building that was prematurely halted.</p>
<p>“It was an unbelievable design by Morris Adjmi that we were really, really, looking forward to building but never happened,” he said. The site of the development is currently up for sale.</p>
<p><!--nextpage-->Construction glories and heartbreaks aside, one truth is certain: the J Companies have the most recognizable face in construction in their team. Young girls recognize him and Ashley as they walk out in public. Grown women visiting the J Companies’ office ask him to sign their InTouch magazines. But construction workers?</p>
<p>“There weren’t many people in the construction trailer at the Gallery that read the magazines,” he said.</p>
<p>The crazy globetrotting dates are no more. Now Ashley and JP are an everyday, happily-soon-to-be-married couple. Ashley has finished her studies at UPenn Dental School and is awaiting word from a few pediatric dental residencies. JP is hard at work for the J Companies. Just your everyday couple who met in highly unusual (and highly public) circumstances.</p>
<p>Whereas his love life is looking rosy, his outlook on the current state of the city’s construction industry is not as glowing.</p>
<p>“In my opinion, it still seems kind of flat,” he said. “We don’t see anything really getting built this year.”</p>
<p>He says he has heard of rumblings from other architectural and engineering firms that they are starting to get new business, which is always welcome news to the J Companies’ ears.</p>
<p>“Hopefully after they get busier, we’ll get busier,” he added. But he tempered his high hopes with a sobering observation. “This year still seems kind of flat. It really does.”</p>
<p>When asked on whether the exposure from <em>The Bachelorette</em> would help or hurt his professional credibility, he thought about his answer carefully.</p>
<p>“That’s a good question. I don’t ... I don’t think it has an impact one way or another,” he said.</p>
<p>“Once you get past speaking about it, and then knowing whoever you’re speaking to knows that you were on the show, it really boils down to what you know about the industry, what you know about construction, your referrals,” he added. "I don’t think it impacts it."</p>
<p>"I mean, I hope it doesn’t.”<br />
<em></em></p>
<p><em>drosen@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>Want to vet JP Rosenbaum as the construction manager for your next development?</p>
<p>All one has to do is ask the housewives, teenagers, bloggers, reality TV fiends, and just about anyone who’s stood near a magazine rack while waiting in a grocery line, and they will uniformly say that he is the “cute and sweet” chap who swept Ashley Hebert—the titular character in last year’s version of ABC’s <em>The Bachelorette</em>—off her dainty feet.</p>
<p><!--more--></p>
<p><div id="attachment_210670" class="wp-caption alignleft" style="width: 410px"><a rel="attachment wp-att-210670" href="http://www.observer.com/2012/01/jp-rosenbaum-construction-manager-by-day-bachelorette-winner-by-night/jp-for-web/"><img class="size-medium wp-image-210670" title="jp for web" src="http://nyoobserver.files.wordpress.com/2012/01/jp-for-web.jpg?w=400&h=266" alt="" width="400" height="266" /></a><p class="wp-caption-text">Bachelorette winner JP Rosenbaum. (Photo by Kiki Conway)</p></div></p>
<p>Of course, such a vetting may lead developers to lock up their wives and daughters far away from the reality Romeo. But Mr. Rosenbaum, a Long Island native who was raised in a real estate family, is not just America’s most famous fiancé. He may also be America’s most famous construction manager.</p>
<p>“If there was any dirt on me to be had, you would have seen it,” said the 34-year-old Mr. Rosenbaum.</p>
<p>Sitting inside the offices of the J Companies, where he has worked as a construction manager for five years, it appeared that it was indeed back to work for the good-natured and well-dressed Mr. Rosenbaum. And what started out as a lark—he tried out for <em>The Bachelorette</em> after a friend submitted his name on an online application—turned out to be a life-changer for him, he said.</p>
<p>“I always thought I would go away for two weeks, have a vacation, come back, and it would be forgotten about,” he said, a smile growing across his face. “And I came back with a fiancée.”</p>
<p>He also came back with all the attendant hoopla that accompanies on-air betrothals.</p>
<p>The frenzy surrounding his upcoming wedding to Ms. Hebert is still whirring, thanks to People and InTouch magazine coverage (“Ashley and JP’s Dream Wedding!”)</p>
<p>But months have passed since the final episode of the seventh season of <em>The Bachelorette</em>, when Mr. Rosenbaum beat out winemaker Ben Flajnik for Ms. Hebert’s hand, perhaps proving to America’s single ladies that real estate men are made out of sturdier stuff.</p>
<p>Back on Mr. Rosenbaum’s mind, other than his bride-to-be, is the Gallery at Westbury Plaza, a 330,000-square-foot retail development in Nassau County that has already leased out space to Trader Joe’s, Shake Shack and Saks Off Fifth. It is scheduled to open in the fall of 2012.</p>
<p><!--nextpage-->Before he became a reality TV staple, he had been working on the development, which is on the site of the old Avis rental car headquarters and is owned by Equity One, a Miami-based real estate investment trust. The site had five buildings that were abated of asbestos and demolished, and with construction not set to start until summer of 2011, Mr. Rosenbaum had the perfect window to try out for<em> The Bachelorette</em>.</p>
<p>There were no guarantees that he would return to a job with Equity One, or with the J Companies.</p>
<p>“That project was probably our biggest at the moment, and had the developer said, ‘We’re doing fine without you,’” he said, “I don’t know if I would have been hired back here or not.”</p>
<p>“[If] I was to bet, I would say they were going to hire me back. But it was still a risk.”</p>
<p>Mr. Rosenbaum, whose father was a developer and landlord, first went into real estate after college. He worked as a commercial real estate broker at Insignia/ESG’s office in Syosset, grew disillusioned with the business and shifted to online advertising. After three years, he realized his real estate roots were too hard to ignore.</p>
<p>He quit his job, traveled to Australia for two months, returned to the country and got his master’s in construction management at NYU Schack Institute of Real Estate in the night, while working for his father and brother’s real estate business during the day.</p>
<p>After finishing his master’s, one of his professors, Chuck Olivieri, also a senior vice president at Edward J. Minskoff Equities, put him in touch with Allan and David Brot, the fraternal co-owners of the J Companies.</p>
<p>The  Brot brothers were impressed with the young Mr. Rosenbaum. But to get him, they had to do their own bit of <em>Bachelorette</em>-esque wooing.</p>
<p>“We interviewed maybe three times, offered him a job,” said Allan Brot. “He said maybe. We took him out for dinner, he said maybe. We took him out for [another] dinner, he said yes.”</p>
<p>Mr. Rosenbaum quickly went to work, taking part in construction projects like Forest City Ratner’s 80 DeKalb and Savanna Partners’ 141 Fifth Avenue.</p>
<p>He also suffered his own construction heartbreak in the form of 71 Laight Street, working on the preconstruction of the Morris Adjmi-designed building that was prematurely halted.</p>
<p>“It was an unbelievable design by Morris Adjmi that we were really, really, looking forward to building but never happened,” he said. The site of the development is currently up for sale.</p>
<p><!--nextpage-->Construction glories and heartbreaks aside, one truth is certain: the J Companies have the most recognizable face in construction in their team. Young girls recognize him and Ashley as they walk out in public. Grown women visiting the J Companies’ office ask him to sign their InTouch magazines. But construction workers?</p>
<p>“There weren’t many people in the construction trailer at the Gallery that read the magazines,” he said.</p>
<p>The crazy globetrotting dates are no more. Now Ashley and JP are an everyday, happily-soon-to-be-married couple. Ashley has finished her studies at UPenn Dental School and is awaiting word from a few pediatric dental residencies. JP is hard at work for the J Companies. Just your everyday couple who met in highly unusual (and highly public) circumstances.</p>
<p>Whereas his love life is looking rosy, his outlook on the current state of the city’s construction industry is not as glowing.</p>
<p>“In my opinion, it still seems kind of flat,” he said. “We don’t see anything really getting built this year.”</p>
<p>He says he has heard of rumblings from other architectural and engineering firms that they are starting to get new business, which is always welcome news to the J Companies’ ears.</p>
<p>“Hopefully after they get busier, we’ll get busier,” he added. But he tempered his high hopes with a sobering observation. “This year still seems kind of flat. It really does.”</p>
<p>When asked on whether the exposure from <em>The Bachelorette</em> would help or hurt his professional credibility, he thought about his answer carefully.</p>
<p>“That’s a good question. I don’t ... I don’t think it has an impact one way or another,” he said.</p>
<p>“Once you get past speaking about it, and then knowing whoever you’re speaking to knows that you were on the show, it really boils down to what you know about the industry, what you know about construction, your referrals,” he added. "I don’t think it impacts it."</p>
<p>"I mean, I hope it doesn’t.”<br />
<em></em></p>
<p><em>drosen@observer.com</em></p>
]]></content:encoded>
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		<title>New Glassy Tower to Join Fort Greene Mini-City</title>

		<comments>http://observer.com/2008/08/new-glassy-tower-to-join-fort-greene-minicity/#comments</comments>
		<pubDate>Wed, 20 Aug 2008 16:41:44 -0400</pubDate>
					<link>http://observer.com/2008/08/new-glassy-tower-to-join-fort-greene-minicity/</link>
			<dc:creator>Dana Rubinstein</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/2008/08/new-glassy-tower-to-join-fort-greene-minicity/</guid>
		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/80dekalb.jpg?w=179&h=300" />The apparently inexorable rise of a skyscraper city on the edge of Fort Greene continues apace, with developer Bruce Ratner's  announcement on Wednesday that Forest City Ratner had secured financing for its first residential tower in Brooklyn, the Costas Kondylis-designed, 34-story 80 DeKalb Avenue.</p>
<p>The glass building will join the Forte Condo (at Ashland Place and Fulton Street), and the soon-to-be-built Danspace project across the street to form a small mini-city on the edge of Fort Greene, bordering Downtown Brooklyn -- but a taste of the 16-skyscraper-and-arena Atlantic Yards complex to come. </p>
<p>The tower will house 292 market-rate rentals and 73 affordable rentals, &quot;making it the first 80/20 development in Brooklyn financed with bonds issued by the New York State Housing Finance Agency,&quot; according to the release.</p>
<div class="oldbq">
<p>&quot;The New York State Housing Finance Agency selected 80 DeKalb to receive $109.5 million in tax-exempt bonds and $27.5 million in taxable bonds. The lending institutions involved in the transaction were Wachovia Bank, N.A., and Helaba (both co-agents providing the credit enhancement to the $137 million in bonds issued by HFA), as well as the National Electrical Benefit Fund, which provided a $10 million mezzanine loan and $20 million of credit enhancement.&quot;</p>
</div>
<p>Boring as that might seem, it's an achievement to get that sort of financing in this market, in which many of the Wall Street shops have stopped lending, and borrowers are forced to approach more traditional, and more conservative, balance sheet <a href="http://www.observer.com/2008/who-s-lending-whom-manhattan-and-why?page=0%2C1">lenders</a>. </p>
<p>Full release below:</p>
<p class="MsoNormal">FOREST CITY RATNER COMPANIES CLOSES ON FINANCING FOR $200 MILLION DOWNTOWN BROOKLYN RESIDENTIAL BUILDING</p>
<p class="MsoNormal">Building Designed<span>  </span>to be LEED-Certified and to Include Affordable and Market-Rate Apartments</p>
<p class="MsoNormal">BROOKLYN,  NEW YORK – August 20, 2008—Forest City Ratner Companies (FCRC) announced today that it has closed on financing for a 335,000-square-foot building at 80   DeKalb Avenue in Downtown Brooklyn. </p>
<p class="MsoNormal">The Costas Kondylis-designed building is the first residential tower constructed by FCRC in Brooklyn. Situated on DeKalb Avenue between Hudson Avenue and Rockwell Place, and bordering the BAM Cultural District, the 34-story tower will include 73 affordable and 292 market-rate rental units, making it the first 80/20 development in Brooklyn financed with bonds issued by the New York State Housing Finance Agency. </p>
<p class="MsoNormal">Unlike most 80/20 developments, 80 DeKalb will remain affordable for 99 years. For the initial 35 years, 62 affordable units will be made available for households earning up to 50% of the area median income (AMI) and 11 units for households with incomes up to 40% of AMI. For the remaining years, all of the affordable units will be made available for households earning up to 90% of AMI. </p>
<p class="MsoNormal">“We’re very excited about 80 DeKalb,” said Bruce Ratner, Chairman and CEO of FCRC. “It is a magnificent building at a great location that will provide both affordable and market-rate homes. We believe, too, that this is positive development during a tough market and points to the ongoing attraction of Brooklyn as a place to live and work.”</p>
<p class="MsoNormal">Mr. Ratner noted as well that with 80 DeKalb, FCRC has closed on financing for three projects within the past year, totaling more than $1.5 billion in construction loans.</p>
<p class="MsoNormal">The New York State Housing Finance Agency selected 80 DeKalb to receive $109.5 million in tax-exempt bonds and $27.5 million in taxable bonds. The lending institutions involved in the transaction were Wachovia Bank, N.A., and Helaba (both co-agents providing the credit enhancement to the $137 million in bonds issued by HFA), as well as the National Electrical Benefit Fund, which provided a $10 million mezzanine loan and $20 million of credit enhancement. </p>
<p class="MsoNormal">As part of its ongoing commitment to strengthen minority- and women-owned (M/WBE) businesses, FCRC has already awarded 19% of the project’s contracts to M/WBE firms. In addition, FCRC projects that 30% of the construction workforce will be made up of minority workers and 10% of women workers. Like all FCRC developments, 80 DeKalb will be built entirely with union labor. </p>
<p class="MsoNormal">The building, designed to achieve LEED Certification, is expected to meet or exceed the sustainable design measures set forth by the U.S. Green Building Council. 80 DeKalb’s “green” features include improved indoor air quality through the use of low or no volatile organic compound (VOC) emitting materials, water reduction by means of low-flow fixtures and diverting waste from landfills by recycling over 75% of construction waste and using recycled materials with recycled content. Major construction on the building began Monday, July7th, 2008. It is expected to open for leasing during the summer of 2009.</p>
<p class="MsoNormal">About Forest  City </p>
<p class="MsoNormal">Forest City Ratner Companies (FCRC) owns and operates 32 properties in the New York metropolitan area. FCRC is a wholly owned subsidiary of Forest City Enterprises, Inc., a $10.5 billion NYSE-listed national real estate company engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.</p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/80dekalb.jpg?w=179&h=300" />The apparently inexorable rise of a skyscraper city on the edge of Fort Greene continues apace, with developer Bruce Ratner's  announcement on Wednesday that Forest City Ratner had secured financing for its first residential tower in Brooklyn, the Costas Kondylis-designed, 34-story 80 DeKalb Avenue.</p>
<p>The glass building will join the Forte Condo (at Ashland Place and Fulton Street), and the soon-to-be-built Danspace project across the street to form a small mini-city on the edge of Fort Greene, bordering Downtown Brooklyn -- but a taste of the 16-skyscraper-and-arena Atlantic Yards complex to come. </p>
<p>The tower will house 292 market-rate rentals and 73 affordable rentals, &quot;making it the first 80/20 development in Brooklyn financed with bonds issued by the New York State Housing Finance Agency,&quot; according to the release.</p>
<div class="oldbq">
<p>&quot;The New York State Housing Finance Agency selected 80 DeKalb to receive $109.5 million in tax-exempt bonds and $27.5 million in taxable bonds. The lending institutions involved in the transaction were Wachovia Bank, N.A., and Helaba (both co-agents providing the credit enhancement to the $137 million in bonds issued by HFA), as well as the National Electrical Benefit Fund, which provided a $10 million mezzanine loan and $20 million of credit enhancement.&quot;</p>
</div>
<p>Boring as that might seem, it's an achievement to get that sort of financing in this market, in which many of the Wall Street shops have stopped lending, and borrowers are forced to approach more traditional, and more conservative, balance sheet <a href="http://www.observer.com/2008/who-s-lending-whom-manhattan-and-why?page=0%2C1">lenders</a>. </p>
<p>Full release below:</p>
<p class="MsoNormal">FOREST CITY RATNER COMPANIES CLOSES ON FINANCING FOR $200 MILLION DOWNTOWN BROOKLYN RESIDENTIAL BUILDING</p>
<p class="MsoNormal">Building Designed<span>  </span>to be LEED-Certified and to Include Affordable and Market-Rate Apartments</p>
<p class="MsoNormal">BROOKLYN,  NEW YORK – August 20, 2008—Forest City Ratner Companies (FCRC) announced today that it has closed on financing for a 335,000-square-foot building at 80   DeKalb Avenue in Downtown Brooklyn. </p>
<p class="MsoNormal">The Costas Kondylis-designed building is the first residential tower constructed by FCRC in Brooklyn. Situated on DeKalb Avenue between Hudson Avenue and Rockwell Place, and bordering the BAM Cultural District, the 34-story tower will include 73 affordable and 292 market-rate rental units, making it the first 80/20 development in Brooklyn financed with bonds issued by the New York State Housing Finance Agency. </p>
<p class="MsoNormal">Unlike most 80/20 developments, 80 DeKalb will remain affordable for 99 years. For the initial 35 years, 62 affordable units will be made available for households earning up to 50% of the area median income (AMI) and 11 units for households with incomes up to 40% of AMI. For the remaining years, all of the affordable units will be made available for households earning up to 90% of AMI. </p>
<p class="MsoNormal">“We’re very excited about 80 DeKalb,” said Bruce Ratner, Chairman and CEO of FCRC. “It is a magnificent building at a great location that will provide both affordable and market-rate homes. We believe, too, that this is positive development during a tough market and points to the ongoing attraction of Brooklyn as a place to live and work.”</p>
<p class="MsoNormal">Mr. Ratner noted as well that with 80 DeKalb, FCRC has closed on financing for three projects within the past year, totaling more than $1.5 billion in construction loans.</p>
<p class="MsoNormal">The New York State Housing Finance Agency selected 80 DeKalb to receive $109.5 million in tax-exempt bonds and $27.5 million in taxable bonds. The lending institutions involved in the transaction were Wachovia Bank, N.A., and Helaba (both co-agents providing the credit enhancement to the $137 million in bonds issued by HFA), as well as the National Electrical Benefit Fund, which provided a $10 million mezzanine loan and $20 million of credit enhancement. </p>
<p class="MsoNormal">As part of its ongoing commitment to strengthen minority- and women-owned (M/WBE) businesses, FCRC has already awarded 19% of the project’s contracts to M/WBE firms. In addition, FCRC projects that 30% of the construction workforce will be made up of minority workers and 10% of women workers. Like all FCRC developments, 80 DeKalb will be built entirely with union labor. </p>
<p class="MsoNormal">The building, designed to achieve LEED Certification, is expected to meet or exceed the sustainable design measures set forth by the U.S. Green Building Council. 80 DeKalb’s “green” features include improved indoor air quality through the use of low or no volatile organic compound (VOC) emitting materials, water reduction by means of low-flow fixtures and diverting waste from landfills by recycling over 75% of construction waste and using recycled materials with recycled content. Major construction on the building began Monday, July7th, 2008. It is expected to open for leasing during the summer of 2009.</p>
<p class="MsoNormal">About Forest  City </p>
<p class="MsoNormal">Forest City Ratner Companies (FCRC) owns and operates 32 properties in the New York metropolitan area. FCRC is a wholly owned subsidiary of Forest City Enterprises, Inc., a $10.5 billion NYSE-listed national real estate company engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.</p>
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