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More Details Revealed About Forest City Ratner's SPURA Plan

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Last week, the Journal revealed the names of some big developers who submitted bids for the massive Seward Park Urban Renewal Area, and now the paper has a few more details. The proposal from Atlantic Yards' developer Forest City Ratner includes a partnership with WeWork, a company that leases small office spaces to start-ups and entrepreneurs. If the Forest City proposal is selected, 400,000-square-feet of space would go towards headquarters for WeWork. Lower East Side social service group the Henry Street Settlement also has a deal with Forest City that would allow for its workforce development to move into the new megaproject. Other developers vying for the property are Related Companies; AvalonBay Communities and Jonathan Rose; and L+M Development Partners, BFC Partners, Grand Street Settlement, and Taconic. The city will choose a winner by the end of the year.
· WeWork Joins Seward Bid [WSJ, second item]
· Big-Name Developers Team Up to Bid on SPURA Redevelopment [Curbed]
· SPURA coverage [Curbed]