The Clarett Group, a prominent New York developer, has shut down its New York office, and its founder, Veronica Hackett, recently left the company to become the head of U. S. development for Brookfield Properties, the owner of the World Financial Center at Battery Park City, according to an article by C. J. Hughes yesterday at therealdeal.com.
The article said that the shutting of the office leaves in limbo the status of its Collection at Court Street, a planned 7-story residential condominium project designed by Rogers Marvel Architects at 340 Court Street in the Carroll Gardens neighborhood of Brooklyn. The foundation for that project, a rendering of which is shown at the right, has been poured, the article added.
"In January, following the gradual departure of staff over the past few months, the handful of remaining employees at Clarett's Madison Square Park office were let go or quit, according to former employees," the article said, adding that "an inability to line up financing for new projects forced the layoffs, according to the sources."
"Jonathan Marvel, of Rogers Marvel Architects, the architect for Collection at Court Street, said he could not comment on the news of Clarett's closing, or the project in general, but that the project was in 'transition' and details would be coming soon," the article continued, adding that "Clarett's other two offices, in Washington and Los Angeles, where the company has projects in the works, will stay open but rename themselves, according to sources, though calls for comments to both of them were unsuccessful."
For her part, Hackett was traveling and unavailable for a comment, according to Matt Cherry, a Brookfield spokesperson, and
Calls to Clarett's Manhattan office at 79 Madison Avenue and to Prudential Real Estate Investors, which had partnered with Clarett on deals, were not returned, the article said.
Among Clarett's other projects were the Brooklyner, Brooklyn's tallest building, a 51-story, 490-unit building located at 111 Lawrence Street, 200 West End Avenue, 2770 Broadway and Sky House at 11 East 29th Street.
The article said that the shutting of the office leaves in limbo the status of its Collection at Court Street, a planned 7-story residential condominium project designed by Rogers Marvel Architects at 340 Court Street in the Carroll Gardens neighborhood of Brooklyn. The foundation for that project, a rendering of which is shown at the right, has been poured, the article added.
"In January, following the gradual departure of staff over the past few months, the handful of remaining employees at Clarett's Madison Square Park office were let go or quit, according to former employees," the article said, adding that "an inability to line up financing for new projects forced the layoffs, according to the sources."
"Jonathan Marvel, of Rogers Marvel Architects, the architect for Collection at Court Street, said he could not comment on the news of Clarett's closing, or the project in general, but that the project was in 'transition' and details would be coming soon," the article continued, adding that "Clarett's other two offices, in Washington and Los Angeles, where the company has projects in the works, will stay open but rename themselves, according to sources, though calls for comments to both of them were unsuccessful."
For her part, Hackett was traveling and unavailable for a comment, according to Matt Cherry, a Brookfield spokesperson, and
Calls to Clarett's Manhattan office at 79 Madison Avenue and to Prudential Real Estate Investors, which had partnered with Clarett on deals, were not returned, the article said.
Among Clarett's other projects were the Brooklyner, Brooklyn's tallest building, a 51-story, 490-unit building located at 111 Lawrence Street, 200 West End Avenue, 2770 Broadway and Sky House at 11 East 29th Street.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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