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Global consults on Brooklyn job
Published April 19, 2004
Brooklyn arena developer Forest City Ratner Cos. recently hired Philadelphia-based Global Spectrum as a pre-construction consultant for the 19,000-seat arena proposed for the New Jersey Nets.
Global Spectrum Chairman Peter Luukko said his firm signed a one-year agreement to support Nets owner Bruce Ratner in designing and operating the arena and assisting with the building’s budget and pro forma operations.
This is Global Spectrum’s first venture into the New York market.
Luukko said the initial relationship with Ratner, developed through former Nets co-owner Lewis Katz, may result in the Comcast-Spectacor subsidiary signing a full-time arena-management contract.
“We will discuss any further relationship as we go on, but the real charge now is to get the building designed and get a defined, operating arena,” Luukko said.
Ratner has hired renowned architect Frank Gehry of Los Angeles to design the arena. Gehry’s résumé includes designing the Walt Disney Concert Hall in Los Angeles, the Experience Music Project in Seattle and the Millennium Park outdoor concert venue in Chicago. He also designed the Disney ICE skating facility in Anaheim, which the NHL Mighty Ducks use for a practice facility.
“Bruce Ratner wants to make an architectural statement in Brooklyn and build a new, cutting-edge arena through design,” Luukko said.
The 800,000-square-foot arena is scheduled to open for the 2007-08 NBA season. The venue is part of a $2.5 billion development planned for Brooklyn with 4,500 housing units and 2.1 million square feet of commercial office space.