Posted on February 27, 2008 by Katie Lorah
Brookfield Properties has announced they have not submitted a second bid for the Rail Yards site. Supplementary bids were due yesterday.
Back in January, the MTA asked the five developers to submit supplementary materials supporting their ability to lease, not buy, the 26-acre site. None of this financial information was made public.
Brookfield’s decision not to submit new materials knocks them out of the running for lead developer of the site, but according to a source, they still may be considered as partners in the development. Brookfield recently announced another large-scale development on Ninth Avenue, only a few blocks from the Rail Yards.
There was coverage today in the Times and the Observer.
Filed under: Brookfield, MTA | Tagged: Brookfield, Developers, MTA, New York Observer, New York Times | 1 Comment »
Posted on January 16, 2008 by Katie Lorah
The Times reports that ad firm Ogilvy-Mather plans to take over a building at 11th Avenue & 47th Street, making them pioneers on the Far West side. Though, it must be noted, their building is not really all *that* close to the Rail Yards site.
Andrew Berman (he of many community activist organizations) takes out the big guns for the current status of the planning process in Chelsea Now – making a number of excellent points in the process.
Crain’s notes the HYCAC’s open letter, giving special attention to the organization’s implicit support for the Brookfield site plan.
The New York Observer’s real estate blog suggests that Merrill Lynch’s decision to renew its lease on current offices at the World Financial Center (owned and administered by Brookfield Properties) could potentially work in favor of the Brookfield plan… although the suggestion that Brookfield could conceivably talk Merrill into becoming the anchor tenant they currently lack seems unfounded at this juncture.
And, to file under “Old but worthy:” Stephen Holl discusses his strategies to make the Extell plan “9/11 proof” in New York’s Daily Intelligencer.
Filed under: Media, Uncategorized | Tagged: Andrew Berman, Brookfield, Chelsea Now, Crain's, Extell, HYCAC, Merril Lynch, New York Magazine, New York Times, Observer, Ogilvy-Mather, Stephen Holl | Leave a Comment »
Posted on December 11, 2007 by Katie Lorah
Filed under: Media | Tagged: Atlantic Yards, Brookfield, Chelsea Now, Cooper Union, Developers, Extell, Gary Barnett, High Line, New York Magazine, Oberserver, Ric Clark, The Real Deal | Leave a Comment »