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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]


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  1. Here ——-! Chew on this —-. If you don’t watch out, You are going to get ——-!!!

    What bad banking news means to you

    http://www.cnn.com/2008/LIVING/personal/02/27/bank.safety/index.html

    And the chairman of the Federal Deposit Insurance Corp and banking industry experts foresee many bank failures down the road.

    “Regulators are bracing for 100-200 bank failures over the next 12-24 months,” says Jaret Seiberg, an analyst with the financial services firm, the Stanford Group.

    Keep praying asshats. LMMFAO! Please not in the eye!

    The What (—- all of you)

    Someday this war is gonna end…

  2. 2:48/3:04:

    Breathe. B-R-E-A-T-H-E. You’re going to wear your self out! I’ve got an idea. Take 10 minutes and ride the bus to Jay Street, from Tillary to Willoughby. Have a seat and rest up. You’ll feel better after you’ve rested.

  3. Gotta love MetroTech. Provides 24/7/365 manned security around the complex. Very handy when coming home from work late at night and not feeling like walking on Willoughby St.

    It provides better food places than the mom and pop garbage fried food along Fulton Mall and Willoughby.

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