Meanwhile, Forest City’s lengthy complaint says, “From the start, Skanska mismanaged the project through gross incompetence, causing it to be riddled with delays and cost overruns. Skanska has stumbled through every step of the project, and has repeatedly and routinely failed to meet any self-imposed or contractual deadlines, goals, or targets. As noted, the construction schedule stipulated that the building would be substantially completed by July 25, 2014. That date has come and gone and, as of today, only 10 floors of the planned 32-stories have been erected at the project site.” A post by MHProNews from March 17, 2011 reports at least 400 units will be affordable housing at below market rate. The suit does not mention Forest City’s partnership with the Chinese investment firm Greenland USA on another part of the project. ##
(Photo credit: Forest City Ratner- module for 32-story modular apartment complex)