Forest City Selected To Develop Shoreline

Following a spirited competition in which several regional and national firms competed for the opportunity to develop the Echo Bay waterfront, the City Council voted unanimously to designated Forest City as the master developer for the site. Forest City is an $8.5 billion, NYSE-listed national real estate company, with an extensive track record of successful public-private partnerships, and an impressive commitment to both high-quality design and environmental sustainability. In addition, the Forest City team has made clear their willingness to work closely and flexibly with the City and community to ensure that final plans are consistent with the public’s goals and desires. Forest City’s selection brings us much closer to achieving our vision of an active, accessible waterfront, with a continuous shoreline promenade, appropriately-scaled housing and shops, view corridors from surrounding neighborhoods, and extensive green space. A very preliminary rendering of the new waterfront can be viewed HERE, and my remarks from the press conference announcing Forest City’s selection can be view HERE.