“I like what Michael Stern is doing and I want to figure out how to build more projects non-union.”
That’s what developer Bruce Eichner told the crowd at the Bisnow Multifamily Summit in March, with a smirking Mr. Stern, the young founder of JDS Development, sitting a few seats away.
As Mr. Eichner continued to gush over Mr. Stern’s well-publicized contempt for union labor, a heckler from the Building and Construction Council butted in.
Though controversy has surrounded the City Point development in Brooklyn since its inception, the development’s first residential tower is rising under the radar as the tussles subside, at least temporarily, and the commercial real estate industry readies for a major boost for the Downtown Brooklyn area.
The residential portion of the project’s second phase has risen Read More
Things could get rowdy when a consortium of elected officials including City Council Speaker Christine Quinn rallies near City Hall this afternoon to issue a report card to Joe Moinian’s The Moinian Group for alleged failings as a real estate developer and landlord.
The report card grades the developer – with letter grade “F” across the board – on tenant relations, safety, financial stability, vendor relations and the creation of good jobs.
“It’s going to be rowdy – we’re expecting hundreds of people,” said Jessica Ramos, a spokesperson for Build Up NYC, one of the groups spearheading the effort. “We want to create public support and awareness for them to be a responsible developer and build buildings with good jobs that actually help the economy.”
Two years ago, Bruce Ratner sought to ease a shrinking budget and appease swarms of critics who lambasted the original rendering for a residential tower at Atlantic Yards in Brooklyn as a “Lego-like” atrocity.
Like a frustrated schoolboy, he punted the plans to erect a set of oddly arranged giant blocks, shoving designer Frank Gehry Read More