Award-winning developer is big Brooklyn backer.Bruce C. Ratner, recognized as one of the foremost urban real estate developers in the city, has been named recipient of the fifth annual Jack D. Weiler Award by the United Jewish Appeal-Federation of Jewish Philanthropies of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Ratner, president and chief executive officer of Forest City Ratner Companies, was presented with the award for his accomplishments in real estate development, philanthropy, and civic and cultural contributions on April 13 at the UJA-Federation's Real Estate Division luncheon at the Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. . Forest City Ratner Companies, the New York affiliate of the national real estate company, Forest City Enterprises, has been one of the foremost urban real estate developers in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . In 1988, Forest City Enterprises and Forest City Rather Companies completed the $138 million, 19-story One Pierrepont Plaza office building in downtown Brooklyn Downtown Brooklyn is the third largest central business district in New York City (following Midtown Manhattan and Lower Manhattan), and is located in the . Over the past decade, Ratner has been a driving force in transforming downtown Brooklyn into the city's third business district. He was responsible for converting over four million square feet into One Pierrepont Plaza, the first new office building to be constructed in downtown Brooklyn in over 25 years. Ratner explained that while many developers at the time were Manhattan-oriented, he had always been aware of the potential that Brooklyn offered as a site for development, and, as a result, he has been in the forefront of the transformation of downtown Brooklyn into the city's third business district. Currently, Ratner is involved with the construction of Atlantic Center, a retail, housing and office complex near the Brooklyn Academy of Music Brooklyn Academy of Music, performing arts center located in the borough of Brooklyn, N.Y. and popularly known as BAM. Founded in 1859 and opened in 1861, it is the oldest such institution still in operation in the United States. , which is slated to open in the spring of 1995. "I think there is a hard push for retail in the borough," said Ratner. "The area is very underserved. Our major focus is the retail opportunities in the borough and retail is very exciting in a great time." Ratner was involved with the creation of MetroTech Center, a $1 billion commercial, academic, and high technology office complex on a 10-block, 16-acre site in downtown Brooklyn. MetroTech Center, designed around a 3.3-acre landscaped commons, features the construction of over 5-million square feet of new commercial space, as well as the renovation and expansion of the New York Telephone The New York Telephone Company (NYTel) was organized in 1896, taking over the New York City operations of the American Bell Telephone Company. Predecessor companies The Telephone Company of New York Company and Polytechnic University
"Very few, and no New York developers, were interested in the project," Ratner said. "I has new, and very familiar with the city, and I thought Brooklyn was the best downtown in America. It has great schools, great transportation, and a business district." Located in the Civic Center-Borough Hall area of downtown Brooklyn, the plan for MetroTech includes eight new and three renovated buildings, with the first building, Two MetroTech Center, completed in the summer of 1990. Metro-Tech Center was developed by Forest City Ratner Companies and MetroTech, a non-profit affiliate of Polytechnic University. In terms of economic impact, tenants at MetroTech will generate 16,000 jobs in downtown Brooklyn and 550 jobs will be retained aI Polytechnic University. Once the MetroTech project is in full operation, the annual payroll will exceed $480 million, as well as creating 4,000 construction jobs and generating an estimated $54 million annually in new tax revenues upon completion, after tax abatements have ended. Ratner also worked with the community to create the first voluntary affirmative action affirmative action, in the United States, programs to overcome the effects of past societal discrimination by allocating jobs and resources to members of specific groups, such as minorities and women. program which resulted in $76 million in construction being awarded to minority and women-owned businesses, a total of 16.6 percent of the contracts at MetroTech. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Ratner, an average of 37 percent of the work force employed on the MetroTech project were minorities or women. One MetroTech Center, a 23-story building completed in 1992 at a total development cost of $190 million, is the home of the new headquarters of the Brooklyn Union Gas Company. Other tenants include Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. & Co., a major investment banking and brokerage company, and Chubb Contingency Trading facility (ChubbCTF). Chase Manhattan Bank's new Financial Services Center occupies Three and Four MetroTech Center, with the two buildings totalling 1.5 million square feet, and Five MetroTech Center is a new 127,650-square foot building at Polytechnic University, the home of the four-story, 78,500 square-foot Center for Advanced Technology in Telecommunications. Under the plan; Polytechnic University's Jacobs Administration Building was renovated in 1988, the former Brooklyn Fire Headquarters was renovated and completed for replacement housing in 1989, and 10 MetroTech Center, which previously housed the former Bartons Chocolate Factory, was totally renovated, both exterior and interior, in February of 1992. Tenants in 10 MetroTech Center, a 17-story, 420,000 square-foot building, include the Internal Revenue Service, the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Department of Motor Vehicles In the United States of America, Department of Motor Vehicles (or DMV) is a commonly used name of the government agency of a U.S. state which administers the registration of automobiles (e.g., by issuing license plates), and/or the licensing of drivers (e.g. , and the New York City Human Resources Administration. In order to complete MetroTech Center, the City of New York needed to take responsibility for relocating an estimated 200 residents who occupied approximately 100 residential units within the development, as well as 60 businesses and five city and state governmental agencies. Forest City Ratner Companies joined the City's Department of Housing Preservation and Development and the New York City Economic Development Corporation Overview New York City Economic Development Corporation (NYCEDC) is a non-profit local development corporation that promotes economic growth across New York City's five boroughs. in working with Community Planning Board 2 to successfully complete the comprehensive relocation program. "We think in terms of developing the whole community structure," Ratnet said. "We consider the education structure, look at city services, the cultural element, how to develop a strong community on an urban scale." Ratner has always maintained that -there is a strong link between education and a positive urban environment, as evidenced by the amount of time he devotes to the promotion of education, parks and cultural institutions. Ratner serves as chairman of the board of the Brooklyn Academy of Music and also is chairman of the board of the City Parks Foundation City Parks Foundation is a New York City-based non-profit dedicated to the improvement of urban parks and neighborhoods through programming in parks, including athletic instruction for youth and seniors, performing arts, and education programs, all offered free of charge, and . After graduating cum laude from Harvard College and Columbia University School of Law in 1970, Ratner began his career directing the Model Cities Program The Model Cities Program, was an element of United States President Lyndon Johnson's Great Society and War on Poverty, was an ambitious federal urban aid program that ultimately fell short of its goals. and heading the Consumer Protection Division within the New York City Department of Consumer Affairs during the administration of former mayor John Lindsay. He taught at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the Law School from 1973 to 1977, before returning to public service as New York City's Commissioner of Consumer Affairs from 1978 to 1982, a tenure during which he designed major consumer fraud protection regulations which became models for subsequent national legislation. |
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