DailyHeights

Thanks to Staceyjoy for the tip…

Deborah Kolben writes in the Daily News: Shaya Boymelgreen "is plowing ahead with plans for a hotel in the center of Bruce Ratner’s $2.5 billion Atlantic Yards project just as Ratner’s pace seems to be slowing …

(a spokesman says Boymelgreen) is trying to convert a former bread factory at 800 Pacific St. into a 150- to 200-room hotel. ‘We’re having preliminary conversations with various hotel operators’ …"

"Down the street, Boymelgreen also is working with developer Henry Weinstein to convert an 85,000-square-foot building and a neighboring vacant lot into office and residential space.

Both buildings are planned for the spot where Ratner wants to build 17 residential and commercial towers and a 19,000-seat NBA arena for the New Jersey Nets." Read more…

Anti-Ratner activist Dan Goldstein got profiled this past weekend, as part of a New York Times article that described ProHo residents as "yuppies on the edge": "Mr. Goldstein is the only resident of the condo, now called the
Atlantic Art Building, who has not sold his or her apartment to Bruce
C. Ratner and his Forest City Ratner company in the last year to make
way for a development that is to include a new home for Mr. Ratner’s
New Jersey Nets." Full text here (sorry, Times, but you have to make your articles easier to find).

Set Speed did the heavy lifting and determined that the condo board president in Dan’s building paid $441k for his unit, then got paid a little more than $1.1M by Forest City Ratner: "Dan, what are you waiting for?? You got them right where you want ’em!
You can spend the next 7 years watching the construction from your
awesome wrap-around terrace. But you know what, you’ve still got your
morals and I respect you for that."

But yesterday, here on the dailyheights message boards, Dan clarified his intentions: "this guy, who happens to be me, is not "holding out" to get 3x what I
paid. I’m holding out because I want to stay in my home, stay in this
great neighborhood, and do everything I can, with thousands of others,
to stop Bruce Ratner’s nightmare corporate welfare scam."

So what happens to Dan if Ratner gets his way?  How would that work? Dan would get kicked out. But somebody would have to cut him a check to compensate for his loss.