MetroTech Office Space to Make Way for Apartments

Forest City Ratner’s office building at 10 MetroTech Center, between Hudson Avenue and Rockwell Place, is slated for a teardown this September, according to The New York Observer. A residential building — no word on its size or look — will go up in its place. FCR has owned the 359,000-square-foot building, a former candy factory, since 1989. According to the Observer, the building’s $40 million non-recourse mortgage “technically remains in default,” but FCR isn’t in danger of losing the building. The property at 625 Fulton Street shares a lot with 80 Dekalb, the 34-story residential tower situated on the north side of the parcel.
Forest City, Avoiding Default, Will Demo for Residential [NY Observer]
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