DEVELOPMENTS

New York City Office:

Farley (50% interest)-Conversion of the Farley Post Office Building to the Moynihan Train Station. Relocation of Madison Square Garden and construction of 5.5 million square feet of mixed-use new-builds.
One Penn Plaza and Two Penn Plaza--integrating into the Penn Plaza 12 million square foot complex.
Hotel Pennsylvania (also known as 15 Penn Plaza)-Raze the hotel and construct an office tower in excess of 2.5 million square feet, which may include retail.
20 Times Square (70% Interest)-Construct a 1.5 million square foot office tower over the existing Port Authority Bus Terminal in Manhattan, subject to Port Authority approval.
Harlem Park (40% Interest)-Construct an office and retail building of 600,000 square feet at 125th Street and Park Avenue in Manhattan.
220 Central Park South-residential condominium conversion.
40 East 66th Street-residential condominium conversion.

Washington DC Office:

2101 L Street- Complete rehabilitation of existing building including new curtain wall, mechanical systems, and lobbies.
1925 K Street (now known as 1999 K Street)-Raze the existing 149,000 square foot building and construct a 250,000 square foot office building.
H Street- to be determined.
BNA Residential- Expand and convert two office buildings into luxury residential in Washington DC.
Rosslyn Plaza (46% Interest)-Raze the existing buildings and construct a 2.5 million square foot mixed-use development in Arlington, Virginia.
Crystal City-Increase density in accordance with the Arlington County economic redevelopment plan.

Retail:

Bergen Mall (now known as Bergen Town Center)-Raze 300,000 square feet and construct approximately 500,000 square feet of retail space, bringing the total square footage to 1,100,000 square feet. 416,000 square feet has been leased to Century 21, Whole Foods, and Target (ground lease).

Green Acres Mall- Interior and exterior renovation, construction of a parking deck and an additional 100,000 square feet of free-standing retail space anchored by Best Buy, and construction of a store for BJ's Wholesale Club.
Springfield Mall- Totally re-tenant, redevelop and expand up to 4 million square feet (of which 2.7 million feet is currently allowable).
APA (now known as North Bergen)-Construction of 90,000 square feet of retail space, and site work for BJ's Wholesale Club and Wal-Mart who will own their stores.
San Jose, California (45% Interest)-Construction of 350,000 square feet of retail space, and site work for Home Depot and Target who will own their stores.
Garfield- Raze the existing building and construct a 360,000 square foot shopping center anchored by Home Depot and a discount department store.
Beverly Connection (50% Interest)-Renovate the interior and exterior of the existing Los Angeles strip shopping center, including parking deck. Possibly construct 250,000 square feet of assisted living and condominiums above two new retail podiums.
Broome & Broadway (50% Interest)-Redevelop and re-tenant existing retail space in Manhattan.
South Hills Mall- Redevelop this Poughkeepsie, NY property as a strip shopping center.
Gun Hill Road-Redevelop and re-tenant existing building and construct a 30,000 square foot expansion on the site in this Bronx, NY strip shopping center.
Monmouth Mall (50% Interest)- Construct stand alone retail pads in this Monmouth County, NJ regional mall.
Strip Shopping Centers and Malls- 17 various redevelopment projects.

Mixed Use:

Downtown Crossing (50% Interest)- Redevelop the existing Boston Filene's Department Store into over 1.2 million square feet consisting of office, retail, and residential condominiums.
Waterside Place (47.5% Interest)-Construct a 1.3 million square foot mixed-use project containing retail and residential in Boston's Waterfront District.


There can be no assurance that any of these projects will commence, or if commenced, be completed on schedule or within budget. There may also be significant scope changes.