Soaring City Tech Tower Cut Down to Size
Forest City Ratner’s plans to develop the tallest building in Brooklyn are no more, according to an article in the Daily News. The Renzo Piano-designed City Tech tower on Jay Street was supposed to reach 100 stories, with CUNY facilities on lower floors and condos on upper levels. Now Piano is off the job and…
Forest City Ratner’s plans to develop the tallest building in Brooklyn are no more, according to an article in the Daily News. The Renzo Piano-designed City Tech tower on Jay Street was supposed to reach 100 stories, with CUNY facilities on lower floors and condos on upper levels. Now Piano is off the job and the building may only be built to a modest 10 stories. City Tech’s whittling follows a deal collapse between FCR and CUNY; according to an FCR-CUNY statement, the ambitious project could not be reconciled with the college’s immediate need to move forward with a first-class academic space to serve its growing student enrollment.” A Brooklyn Paper story on the collapsed deal quotes Councilman David Yassky as saying FCR’s decision probably has to do with Bruce Ratner’s iffy finances and the fact that many developers are reconsidering residential construction. He may be overextended right now, said Yassky. Look, a lot of developers are re-evaluting their numbers and feel that residential buildings don’t work right now, he said. Whatever the logic is behind the decision, it seems like a pretty big blow to the ongoing plans to change the face of Downtown Brooklyn.
Ratner Tower Whittled Down [NY Daily News]
Ratner Kills Mr. Brooklyn [Brooklyn Paper]
Development Watch: City Tech Tower, Take 2 [Brownstoner]
There will be a large tower built on this site anyways; it just won’t be the current Ratner/Piano proposal.
CUNY plans on selling the land for highrise development anyways, but they are unbundling the site with the academic site. Yassky alludes to this when he states his preference for an office tower.
Ratner was Donald Trumps limo driver when he was a baby. Then when it was time for college Donald pulled some strings and got him in as Bloombergs roommate, they were neighbors with Pataki and Sheldon Silver. All four of them used to fly hot air ballons in New Jersey when they had a free week-end. Everyone disowned Trump when he started wearing the tupee. They especially liked to ride the bus together. Ratner spent a few years living in Cleveland on a bet with Bloomberg (the bet was that he couldn’t handle living in Cleveland for more than two years, Ratner won). Today they all make inside deals with each other and speak out against busses. they also hate people who a) wear tupees, b)make less than $100,000, and c)get haircuts for under $20.
7:59PM Get your facts in order. Ratner is a native New Yorker. Besides, who gives a flying fuck if he lived for a few years somewhere else? Besides you of course, no body cares.
The delusional pro-AY crowd has stopped commenting, they’re all busy attending Donald Trump Jr’s real estate lecture.
if you people think ay is happening, you are dellusional.
Hopefully more RATner projects will fail and he’ll have to go back to Cleveland with his rat tail between his legs.
didn’t Forest City recently say their downtown brooklyn tower was a test run for Atlantic Yards..
well if they can’t make the numbers work here…
bummer, but not surprising.
“But Ratner and Bloomberg said they ride the bus up your ass every day. Are they losers too?”
Actually, they ride the bus up your mother’s ass, so you’d have to ask her about that.