The Firm is representing Forest City Ratner Companies (FCRC) in connection with its formation of a joint venture with Skanska USA related to the construction of residential towers in the Atlantic Yards development project in Brooklyn, New York. FCRC is the developer of the $4.9 Billion Atlantic Yards project, which is a mixed-use commercial and residential development project and includes the recently opened Barclays Center. The first of the residential towers to be constructed as part of the Atlantic Yards project are designed to be erected using modular construction technology, and the new company created by the joint venture will be responsible for building the towers’ modular components. FCRC expects to break ground shortly on the first 32-story tower, which is expected to become the tallest modular building in the U.S. upon completion.
The Simpson Thacher team for the transaction included Eric Swedenburg and Jakob Rendtorff (M&A), and Noah Beck and Adam Wells (Tax).
