Posted 03 May 2012 - 09:10 PM
How much additional property do Ratner and Forest City properties own in the area, and how do they plan to develop that additional space?
They have the entirety of the air rights over the LIRR train yard -- about five blocks.
They plan to fill them with enormous mixed-use office and residential towers (also fiercely but ineffectually opposed by the neighborhood). The residential towers were originally supposed to have significant middle-income holdbacks -- but it was recently announced that was eliminated.
So, more rich folks will be moving into the area. That seems like a good thing for creating more restaurants, art facilities, Starbucks, etc. Raises property values, etc. Batali and Bastianich will be looking for space, etc
"Peter Kiewit looked for three things in hiring people. He looked for integrity, intelligence and energy. And he said if a person didn’t have the first…that the latter two would kill him. Because if they don’t have integrity, you want ‘em dumb and lazy. You don’t want ‘em smart and energetic.”