Judge Rules Ratner Obtained Properties Illegally
A New York Supreme Court Judge ruled yesterday that Forest City Ratner had illegally obtained the lease to the six-story office building at 752 Carlton Avenue as well as an adjacent parking lot on Pacific Street. The judge ruled that Shaya Boymelgreen violated his lease agreement with owner Henry Weinstein when he transferred the 48-year…
A New York Supreme Court Judge ruled yesterday that Forest City Ratner had illegally obtained the lease to the six-story office building at 752 Carlton Avenue as well as an adjacent parking lot on Pacific Street. The judge ruled that Shaya Boymelgreen violated his lease agreement with owner Henry Weinstein when he transferred the 48-year lease to FCR without Weinstein’s sign-off. The contracts, the judge said, stated clearly and unambiguously that the leases could not be transferred without Weinstein permission. It turns out that Boymelgreen made one attempt to get Weinstein’s approval — but sent the request to the wrong address. Weinstein says that FCR had to have known it needed his approval. If you’re buying a lease from somebody and you have thousand-dollar-an-hour, 800-pound gorilla lawyers retained to protect your interest, he said, I tend to think that they read the lease and realized that they knew that what they were doing was illegal. FCR is acting like the unfavorable ruling doesn’t matter. “We do not believe that this decision will have any impact on the project and are continuing with the preparatory work begun last week,” a Ratner lawyer said. FCR will appeal the ruling.
Atlantic Yards Loses Lease to Part of Site [NY Times]
Judge Rules Forest Ratner Acquired Building Illegally [NY Sun]
Ratner To Appeal Atlantic Yards Ruling [The Real Estate]
Judge Raps Boymelgreen, Ratner in AY Lease Dispute [AY Report]
it’s not worth it to talk with someone who thinks the way you do. it’s pointless. you’re never wrong and somehow think that being from new york makes you more entitled. it does not. you are simply one of those people set in their ways and don’t acknowledge that change comes in many forms. i’m not the best person to argue with someone like that because i find it extremely archaic and i would guess is a big reason why there is such a distinction between the anti and pro ayers.
it’s like trying to convince my father that george bush is a horrible president.
it’s not going to go anywhere.
i never said a stadium was required for revitalization. and it’s not a stadium. it’s an arena. there IS a difference. but thats what is being built. along with places for people to live. you can not please everyone. i would rather see an arena and housing than a lot of other things. so we take what we have on the table and make the best of it. i’m not saying if i owned that land, that this is what i’d do with it, but in a city of 8 million people, there are going to be 8 million opinions. this is where we are now, and i will do my part to support the city and to support my neighborhood and try to make it a better place for all people. not just myself. and not just for you.
4:21 my argument is very valid there’s a big difference between New York City and those other citys. If you don’t agree then you’re not from NYC. You can’t just split the 5 boros and say I’m wrong.
Do the surrounding areas really need a stadium for revitalization? I live 3 blocks away. Where do you live? Not the eastern tip of 8, 7 ,6&5th ave. If so I doubt you would be jumping up and down waiting for stadium to save the area.
Why don’t you list some specifics? Cause I don’t have an issue with Carroll Street and I remember South Portland before the city built it out.
go visit baltimore again. you won’t recognize it if you haven’t been in the last 3-4 years. they are currently building a four seasons, ritz carlton, zenith high rise condos, whole foods (finished), 750 room convention center hotel directly across from camden yards and i could name about 20 other projects in the works.
it was also named one of the top destinations last year…not sure if it was lonely planet or some other similar guide….just like brooklyn was this year.
more similar than you think. a massive amount of money is being invested there these days.
The inner harbor in Baltimore is some nicely converted warehouse, a few low scale new buildings, and a way cool aquarium.
How can you compare it the high density monstrosity that is AY plans?
i think the arena portion of this is going to be great actually. it is going to be high-end, box seats, all that stuff. it’s going to bring something to brooklyn that we should have (whether you are a sports fan or not). although i personally couldn’t give a shit about basketball, i think this is going to be a great addition to brooklyn.
thank you 4:26.
i don’t think comparing this to yankee or shea is a good idea at all. different worlds, entirely.
I wouldn’t compare to a stadium because it isn’t as large. (less than 1/2 the size of most of these places) It is called an arena.
yeah mapquest…i know the area quite well. i live in park slope. you’re arguement is totally not valid. comparing the bronx to brooklyn or queens to brooklyn is NO different than comparing it to baltimore or chicago. i would argue that the areas surrounding both wrigley field and camden yards are actually A LOT more similar than the areas around yankee or shea stadiums. if you don’t agree with that, then you have not been to chicago or baltimore.
and to say the area is already doing great is absurd. you clearly don’t live in the neighborhood at all if you don’t think there’s room for improvement in the surrounding neighborhoods around atlantic yards. and no, that doesn’t only mean south portland avenue or carroll street. there are a lot of areas that could stand for revitalization in this area.
3:19 and 3:23
No nastiness at all I’m just focused on the fact that youz can’t mention a stadium within NYC. So you’re pulling stadiums out the woodworks and hoping for a revitalization of the surrounding areas (Prospect Heights, Ft Green, Clinton Hill and Park Slope).
You really should visit us. The area is doing great. It’s not like pre- stadium Baltimore, Chicago or Phoenix.