city-tech-no-go-02-2008.jpg
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]


What's Your Take? Leave a Comment

Leave a Reply

  1. “Why does everyone complain about that? ”

    Because the star of the rebuilding of downtown Brooklyn should not be one of the most hideous buildings on the planet.

    Even Hellen Keller would have thought so.

    He wanted to build it as cheaply as possible and make the most money as he could from him.

    Stop giving him credit for slapping up some bricks and renting out to Target.

    If he really cared about this stuff, why has it taken 5 years to complete that freaking area above the Atlantic Terminal Subway Station.

    Ratner is a rat. Everyone knows it.

  2. The Atlantic Mall isn’t evil just because you don’t like the way it looks. It has stores and people buy things there. It’s freakin’ mall. And it seems crowded and well used. Why does everyone complain about that?

1 4 5 6 7 8 9