Posts tagged with "Forest City":

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It's now too expensive to build local for New York's modular construction industry

Thanks to high rents, New York City is losing one of its longtime modular construction companies at the Brooklyn Navy Yard. And the news could send ripples through the city's prefab construction scene. Capsys, a pre-fab builder founded in 1996, was paying $4 per square foot for its space in the Navy Yard, far below what other tenants were paying. The going rent, $20 per square foot, for manufacturing space at the Navy Yard is already set below market to retain firms that would otherwise not be able to afford to do business in the city. Upon learning in 2010 that their longterm lease was not being renewed, Capsys went hunting for new space. The advantage of local prefab construction is cost and quality control. Building are constructed at the factory by (usually) nonunion workers. Architects can check in on the projects, correcting any flaws before the pieces are shipped. Although rents are lower in New Jersey and Pennsylvania, being based locally cuts down on expensive overland shipping costs. Recently, though, new regulations require modular units to have an (expensive) police escort when the units are ferried to construction sites. For almost ten years, Capsys was the only modular builder in the Navy Yard until Forest City Ratner moved its operations there. With new owners of Forest City's Pacific Park, it looks like Forest City's modular building operations may close, though this could be due less to rising rents and more to design issues that incur costs. The shortcomings of Pacific Park's B2, the SHoP Architects–designed world's tallest modular tower, have been widely documented. Capsys has designed 55 micro-apartments for Carmel Place (the building formerly known as adAPT NYC), and Alexander Gorlin's Nehemiah townhouses, among other projects. When the company closes shop, Capsys will sell its intellectual property to a Pennsylvania company.
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San Francisco's huge 5M Development releases Environmental Impact Report

Forest City has announced that it is moving forward with a plan to build a residential and office complex on four acres around the San Francisco Chronicle building, a 1924 structure located on the corner of 5th and Mission streets in the South of Market (Soma) neighborhood. The developer published the Environmental Impact Report (PDF) for the plan, known as "5M," last Wednesday and presented it at a public hearing of the city's Planning Commission this week. The design team for the project includes architect Kohn Pederson Fox, urban designer SiteLab, and historic resources consultant Architectural Resources Group.  According to the EIR, the project would contain about 1.8 million square feet of development, presented in two different options. In the "Office Scheme," it would include about 870,000 square feet of offices, 800,000 square feet of residential, and 150,000 square feet of active ground floor uses. In the "Residential Scheme," it would include about 600,000 square feet of office uses, 1 million square feet of residential, and 150,000 square feet of ground floor use. In either scheme, the plan would renovate two existing buildings (including the Chronicle Building), build four new buildings, and demolish six existing buildings. On its web site, the developers call for "carved buildings," to add visual interest, "sculpted high rises," a careful balance of uses, and a pedestrian experience enhanced with active storefronts and art walls. According to the Chronicle, in addition to the new facilities, the development would include a 12,000 square foot "Mary Square," and a 22,000 square foot green space on the Chronicle Building Roof. The project, which is facing heavy criticism from local neighborhood groups,  is expected to get underway by 2016 or 2017 and phase in over about ten years. Public comments will be heard until December 1. Forest City said renderings should be available within about a month, so stay tuned.