After three years of playing bad cop for Bruce Ratner, Jim Stuckey is leaving as head of FCR’s Atlantic Yards Development Group. Mr. Stuckey will be replaced by the kinder, gentler MaryAnne Gilmartin, currently executive vice president and director of commercial & residential development for the developer. While no one’s using the word fired (nope, he’s “pursuing other challenges”), it seems pretty clear that FCR thought it was time for an image make-over. Or perhaps the combative Mr. Stuckey had just pissed off one too many people by this point. Who knows. Any thoughts on how this might impact the project?
Atlantic Yards Project Gets New Leadership [Crain’s]
Atlantic Yards Head Departs for “New Challenges” [AY Report]
Stuckey Leaves Atlantic Yards [NY Observer]
Rubenstein Press Release:
FCRC Management Change; Gilmartin To Head Atlantic Yards
Jim Stuckey, Executive Vice President and head of the Atlantic Yards development group at Forest City Ratner Companies (FCRC), has submitted his resignation, effective immediately, citing personal reasons and a desire to pursue new challenges.
For the past few weeks FCRC has prepared for Mr. Stuckey’s departure to create a seamless transition and named MaryAnne Gilmartin, Executive Vice President and Director of Commercial & Residential Development for FCRC, as head of the Atlantic Yards development team. The Atlantic Yards development, which includes over 6,400 units of mixed-income housing and the Barclays Center, remains on target.
MaryAnne Gilmartin Bio
MaryAnne Gilmartin currently manages Forest City Ratner Companies’ Commercial & Residential Development division, including the development of two of the company’s most prestigious new projects: the 1.6 million square foot New York Times Building in midtown Manhattan designed by Pritzker Prize winning architect Renzo Piano, and the Frank Gehry designed Beekman Residential project in lower Manhattan. Ms. Gilmartin has been responsible for the development of several major entertainment and commercial office projects. She led the development of the 42nd Street mixed-use project and the development of the Battery Park City retail complex.
Prior to joining Forest City in 1994, Ms. Gilmartin served as Assistant Vice President for Commercial Development at the New York City Economic Development Corporation (EDC) during the Koch and Dinkins administrations, managing the City’s multi-million-dollar corporate retention program which kept Bear Stearns, Morgan Stanley, Chase Manhattan Bank and other vital businesses in New York City.