A look at some other projects
A look at other large-scale projects here and across the country.
Heartland Town Square
The Plan: A $4-billion development on 476 acres at the site of the former Pilgrim Psychiatric Center that would include more than 9,000 residences and 5.3 million square feet of offices, hotels, restaurants and shops. Developer Gerald Wolkoff proposed Heartland in 2002, estimating 25,899 permanent jobs would be created. The first public hearing was held in 2004, and earlier this year, the Islip town board approved Heartland’s draft generic environmental impact statement, or DGEIS. The public comment period on the DGEIS extended through the end of August. It’s now with the town board.
The Plan: A 750,000-square-foot, $500-million upscale mall, to be built on the site of the former Cerro Wire and Cable Co. The development effort has been under litigation since 2001. In July, the state Court of Appeals denied Taubman Centers, Inc.’s latest request to try to revive its plans. The latest ruling sends Taubman’s plans back to the beginning of the Town of Oyster Bay’s approval process.
Tanger Outlet at the Arches
The Plan: A $440-million, 800,000-square-foot outdoor mall on 83 acres of space first proposed in 2004. After four years of planning, community questions, concerns over traffic and other issues, and a package of tax incentives, the Arches opened in October 2008. As of early this summer, the mall was just under 80 percent occupied.
The Plan: A mixed-use waterfront development on 56 acres, including 860 residential units and a 250-room hotel. Scott Rechler, a Lighthouse partner, is developing the project through his company, RXR Realty. Glen Isle was first proposed in February 2003. The project was later scaled back from its original scope to accommodate concerns over size. A draft environmental impact statement was just completed on the project.
The Plan: A $400-million project on 247 acres of land now owned by Suffolk County. The plan, first proposed by County Executive Steve Levy in 2005, now includes 1,000 residential units, 785 of which will be affordable. It also includes a sports and entertainment center, a 90-room hotel and 75,000 square feet of office and retail space, along with an alternative energy research center and solar plant. Recently, two developers — Katter Development Co. and The Beechwood Organization — were named to build the project, which awaits zoning approval from the Town of Brookhaven.
ACROSS THE COUNTRY
Westgate City Center
The Plan: A project primarily geared toward building a new hockey arena for the Phoenix Coyotes, the Westgate development was first proposed for Scottsdale, Ariz. But after Scottsdale officials wanted to put it to a third public vote four years after developer Steve Ellman first bought the property, he chose to shift his attention to Glendale. After a weekend of negotiation in April 2001, Glendale’s city council approved the Westgate project on 220 acres. A year later, in April, 2002, Ellman broke ground on the hockey arena, which opened in late 2003 and included $180 million in city financing. The first phase of the overall project broke ground in September 2004 and was officially opened in November 2006. In January 2008, the Arizona Cardinals’ new stadium hosted its first Super Bowl, generating $500 million in revenue for the state.
The Phoenix Coyotes are now bankrupt and mired in litigation, and Glendale officials are now worrying about how to recoup their investment. Ellman has built 500,000 square feet of commercial development so far, including a Renaissance hotel and spa and a movie theater.
The Plan: Developer and New Jersey Nets majority owner Bruce Ratner hopes to construct 17 buildings in a $4-billion plan that would include an arena on 22 acres in Brooklyn. Ratner first bought the Nets and proposed the development in 2003, but the development has met with opposition since then. The project, which would include 6,400 residential units and an arena that would become home to the Nets, began its review process in September 2005 and received approvals in late 2006, but still faced eminent domain and other hurdles in the following years.
This summer, officials were predicting a fall groundbreaking. And just last week, Russian billionaire Mikhail Prokhorov agreed to buy a majority interest in the Nets, a deal that could help the move to Atlantic Yards.