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SEC Filings

8-K
FOREST CITY REALTY TRUST, INC. filed this Form 8-K on 10/30/2018
Entire Document
 
Forest City Realty Trust, Inc. and Subsidiaries
Supplemental Operating Information


Development Pipeline
Summary of Development Projects
September 30, 2018

Below is a summary of our active large scale development projects in core markets, as well as other projects in core and non-core markets along with the approximate related developable square footage, by product type. These development opportunities are in a wide range of various stages, including but not limited to, being entitled for its intended development purposes and ready for construction to merely being controlled through a land option. The other product type includes condominiums and hotels. Amounts exclude any currently open or under construction projects within the larger overall development project and are shown at 100% and our estimated ownership share.

Developable Square Feet
Square Feet at 100%
 
Square Feet at Company Share
 
 
Office
Apartments
Retail
Other
Total
 
Office
Apartments
Retail
Other
Total
Projects under development balance
Development Projects - Core Markets
 
 
 
 
 
 
 
 
 
 
 
(in thousands)
Pacific Park Brooklyn - Brooklyn, NY
1,068,190

3,858,724


944,877

5,871,791

 
53,410

192,936


47,244

293,590

$

The Yards - Washington, D.C.
1,838,702

1,686,963

224,009

213,421

3,963,095

 
1,838,702

1,686,963

224,009

213,421

3,963,095

68,874

Waterfront Station - Washington, D.C.

634,441

57,949


692,390

 

285,498

26,078


311,576

12,216

Pier 70 - San Francisco, CA
1,200,936

865,412

363,104

772,250

3,201,702

 
1,200,936

865,412

363,104

772,250

3,201,702

63,317

5M - San Francisco, CA
618,424

260,203

21,830


900,457

 
618,424

260,203

21,830


900,457

67,910

Stapleton - Denver, CO
3,564,444

2,022,222

200,000

270,000

6,056,666

 
3,208,000

1,820,000

180,000

243,000

5,451,000


Hudson Exchange - Jersey City, NJ

4,713,331

334,187


5,047,518

 

2,356,666

167,093


2,523,759


Other

935,000

230,000


1,165,000

 

467,500

230,000


697,500

6,617

 
8,290,696

14,976,296

1,431,079

2,200,548

26,898,619

 
6,919,472

7,935,178

1,212,114

1,275,915

17,342,679

$
218,934

Development Projects - Non Core Markets
1,590,895

374,217

99,744


2,064,856

 
1,590,895

374,217

99,744


2,064,856

26,905

Total
9,881,591

15,350,513

1,530,823

2,200,548

28,963,475

 
8,510,367

8,309,395

1,311,858

1,275,915

19,407,535

$
245,839

Land Inventory
Land inventory represents undeveloped land parcels we currently do not intend to hold for future vertical development. A summary of our land inventory follows:
Stapleton
Stapleton, a 90% owned entity, represents one of the nation’s largest urban redevelopments. At full build-out of 4,700 acres or 7.5 square miles, Stapleton is planned for more than 14,000 homes and apartments, 3 million square feet of retail and 10 million square feet of office/research and development/industrial space. Located 10 minutes east of Downtown Denver and 20 minutes from Denver International Airport, Stapleton is expected to be home to 30,000 residents and 35,000 workers when complete. As of September 30, 2018, we own 683 gross acres, of which 378 acres are saleable. We also have an option to purchase an additional 6 gross acres at Stapleton.


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