Dear PlanNYC Users:
Thank you for visiting PlanNYC.
As of July 7, 2010, we have suspended daily news updating on this website, and will not be adding new developments or policy and legislative debates.
PlanNYC, a student-run website based at NYU’s Furman Center for Real Estate and Urban Policy, has proudly served New Yorkers for five years. During that time, the growth of online information on land use and development issues, along with advances in technology such as RSS feeds and news alerts, have created many opportunities for New Yorkers to stay informed about housing and land use debates in the City. As a result, the daily news updating on this site has become less unique and less critical to our users.
We are pleased to keep the existing PlanNYC content online as a resource; all content on the site is current of July 6, 2010, but will not be updated after that date.
We hope you continue to use the data and research available at the Furman Center (which you can find at www.furmancenter.org), and we welcome your ideas and suggestions for how we can continue to provide objective information and analysis about land use and housing policy debates in New York City.
For additional information or questions, please email furmancenter@nyu.edu.
Thank you for visiting PlanNYC.
As of July 7, 2010, we have suspended daily news updating on this website, and will not be adding new developments or policy and legislative debates.
PlanNYC, a student-run website based at NYU’s Furman Center for Real Estate and Urban Policy, has proudly served New Yorkers for five years. During that time, the growth of online information on land use and development issues, along with advances in technology such as RSS feeds and news alerts, have created many opportunities for New Yorkers to stay informed about housing and land use debates in the City. As a result, the daily news updating on this site has become less unique and less critical to our users.
We are pleased to keep the existing PlanNYC content online as a resource; all content on the site is current of July 6, 2010, but will not be updated after that date.
We hope you continue to use the data and research available at the Furman Center (which you can find at www.furmancenter.org), and we welcome your ideas and suggestions for how we can continue to provide objective information and analysis about land use and housing policy debates in New York City.
For additional information or questions, please email furmancenter@nyu.edu.
Lender May Take Ownership of Undersold BAM Forte Tower
BROOKLYN ACADEMY OF MUSIC CULTURAL DISTRICT
BROOKLYN COMMUNITY DISTRICT 02
BROOKLYN COMMUNITY DISTRICT 02
August 13, 2009
Crain's New York Business
On Thursday developer The Clarett Group confirmed that lender Eurohypo Bank may take ownership of the undersold Forte Tower in the Brooklyn Academy of Music cultural district. Only 37 of the 108 units in the building have been sold after two years of marketing. Goldman Sachs has a 75% equity stake in the project. Eurohypo has already received offers from investors willing to purchase units at heavily reduced rates, but the firm will not begin remarketing until it receives approvals from the New York State Attorney General.