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Ratner will press ahead with tower.

Publication: Real Estate Weekly
Publication Date: 03-JUN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Ratner will press ahead with tower.(Forest City Ratner Cos.)

Article Excerpt
[ILLUSTRATION OMITTED]

Forest City Ratner Companies announced that, after completing a major cost review of its Beekman tower under construction in lower Manhattan, it will move forward and finish building the Frank Gehry-designed mixed-use development as planned.

The decision to build Beekman to its full 76-story height--an inspired design originally conceived and bid in a very different economic climate--is a win for everyone, said Bruce Ratner, chairman & CEO of FCRC. "Lower Manhattan gets a great new public school, additional health care facilities and an extraordinary skyscraper that will have a transformative effect on the downtown area," he added.

At 867 ft., Beekman Tower will...

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