CityRealty Insider > New Developments in the News

New Developments in the News

SEPTEMBER 8, 2009

Tishman-Speyer fallout has a long reach and the Atlantic Yards project gets top design talent.

The trustees of Florida's pension fund may be out $250 million due to money that was invested in the Tishman-Speyer-run partnership that owns Stuyvesant Town and Peter Cooper Village along the East River. That ill-fated partnership has has already raised a dust storm of greed and its attendant fallout here in the city, and Ash Williams, executive director of the Florida State Board of Administration that oversees that state's pension funds claims the state is "carrying that investment at zero."

The Atlantic Yards project is in the news again, this time because SHoP Architects—the firm behind such high-profile modern designs as The Porter House and 290 Mulberry Street—have reportedly been chosen to assist in the design of the controversial Brooklyn project. Developer Forest City Ratner made headlines earlier this year with the decision to remove world-renowned architect Frank Gehry from the Yards project, and the decision to attach the influential firm is seen by many as a face-saving move.yeah

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