Forest City Ratner Modular Opportunity Brief, 1/6/12

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  • 8/11/2019 Forest City Ratner Modular Opportunity Brief, 1/6/12

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  • 8/11/2019 Forest City Ratner Modular Opportunity Brief, 1/6/12

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    The Breakthrough

    For the last two years, FCRC has engaged in Research & Development analyzing many components of Modern Methods

    of Construction (MMC) in an effort to bring technology and innovation to high-rise residential construction. In doing so,

    we assembled a world class team of experts in their field including XSite Modular, Arup Engineering, and SHoP

    Architects, who have developed a methodology to revolutionize the way we build highly technical buildings today in

    dense urban environments like New York City. The result of this R&D effort is a system and a process that creates

    limitless possibilities for quality, high-rise buildings with architectural flexibility and cost effectiveness allowing modular

    to be utilized in dense urban environments where currently no cost-effective high-rise solution exists. Applying this R&D

    to high-rise construction and other markets creates a business opportunity that provides an unparalleled competitive

    advantage

    Forest City is committed to building the first residential building at Atlantic Yards by utilizing the solution developed

    during the two year R&D effort. The first residential building ( B2 ) will be 340,000 SF, 32- story rental building with 350

    units. FCRC is committed to starting the construction of this building in 2012. B2 is the first of the Atlantic Yards master

    planned development which has a pipeline of 6,430 units.

    As part of the research and development effort, Forest City has also been engaged in discussions with the Building and

    Construction Trades Council to create a new union classification of workers who will work in the factory at competitive

    wage rates.

    The Modular Building Process

    Modern Methods of Construction (MMC) encompasses innovative solutions in building products, software, tooling,

    methods and construction system innovations that increase the levels of safety, productivity, sustainability, lifespan,

    cost savings and speed of construction.

    Our solution utilizes many facets of MMC including Building Information Modeling (BIM), Preassembled Components,

    Subassemblies and Modular construction, Integrated Project Delivery Methods, Lean Construction/Manufacturing. We

    have also developed a proprietary innovative structural assembly method with Patent Pending connection details. Weare also working with the Building and Construction Trades Council to create a new union classification of worker who

    will work in our factory at competitive wage rates.

    Our solution focuses on the design, fabrication, MMC, and installation of three levels of Prefabrication: Preassembled

    Components, Subassemblies and Modular Construction. Prefabrication is a term used to describe the spectrum of

    applications where buildings, structures or parts are manufactured and assembled remotely from the building site prior

    to installation in their final position. In summary, this moves operations that are traditionally completed on-site at the

    project location to a manufacturing environment offsite.

    Modular projects will be produced by union labor in New York City. While initially constructed for use on Atlantic Yards,

    this new industry has the potential to create modular components for construction projects worldwide. This Modularfactory has the potential to introduce one of the first, major manufacturing expansions in New York City since

    manufacturing began its decline over a generation ago.

    Markets

    Modern Methods of Construction (MMC) is used around the world for multi-story housing, student housing, schools,

    hospitals, hospitality and many other institutional buildings. Modules with embedded technology are also used

    Wge

    The Breakthrough

    For the last two years, FCRC has engaged in Research & Development analyzing many components of Modern Methods

    of Construction (MMC) in an effort to bring technology and innovation to high-rise residential construction. In doing so,

    we assembled a world class team of experts in their field including XSite Modular, Arup Engineering, and SHoP

    Architects, who have developed a methodology to revolutionize the way we build highly technical buildings today in

    dense urban environments like New York City. The result of this R&D effort is a system and a process that creates

    limitless possibilities for quality, high-rise buildings with architectural flexibility and cost effectiveness allowing modular

    to be utilized in dense urban environments where currently no cost-effective high-rise solution exists. Applying this R&D

    to high-rise construction and other markets creates a business opportunity that provides an unparalleled competitive

    advantage

    Forest City is committed to building the first residential building at Atlantic Yards by utilizing the solution developed

    during the two year R&D effort. The first residential building ( B2 ) will be 340,000 SF, 32- story rental building with 350

    units. FCRC is committed to starting the construction of this building in 2012. B2 is the first of the Atlantic Yards master

    planned development which has a pipeline of 6,430 units.

    As part of the research and development effort, Forest City has also been engaged in discussions with the Building and

    Construction Trades Council to create a new union classification of workers who will work in the factory at competitive

    wage rates.

    The Modular Building Process

    Modern Methods of Construction (MMC) encompasses innovative solutions in building products, software, tooling,

    methods and construction system innovations that increase the levels of safety, productivity, sustainability, lifespan,

    cost savings and speed of construction.

    Our solution utilizes many facets of MMC including Building Information Modeling (BIM), Preassembled Components,

    Subassemblies and Modular construction, Integrated Project Delivery Methods, Lean Construction/Manufacturing. We

    have also developed a proprietary innovative structural assembly method with Patent Pending connection details. Weare also working with the Building and Construction Trades Council to create a new union classification of worker who

    will work in our factory at competitive wage rates.

    Our solution focuses on the design, fabrication, MMC, and installation of three levels of Prefabrication: Preassembled

    Components, Subassemblies and Modular Construction. Prefabrication is a term used to describe the spectrum of

    applications where buildings, structures or parts are manufactured and assembled remotely from the building site prior

    to installation in their final position. In summary, this moves operations that are traditionally completed on-site at the

    project location to a manufacturing environment offsite.

    Modular projects will be produced by union labor in New York City. While initially constructed for use on Atlantic Yards,

    this new industry has the potential to create modular components for construction projects worldwide. This Modularfactory has the potential to introduce one of the first, major manufacturing expansions in New York City since

    manufacturing began its decline over a generation ago.

    Markets

    Modern Methods of Construction (MMC) is used around the world for multi-story housing, student housing, schools,

    hospitals, hospitality and many other institutional buildings. Modules with embedded technology are also used

    Wge

    The Breakthrough

    For the last two years, FCRC has engaged in Research & Development analyzing many components of Modern Methods

    of Construction (MMC) in an effort to bring technology and innovation to high-rise residential construction. In doing so,

    we assembled a world class team of experts in their field including XSite Modular, Arup Engineering, and SHoP

    Architects, who have developed a methodology to revolutionize the way we build highly technical buildings today in

    dense urban environments like New York City. The result of this R&D effort is a system and a process that creates

    limitless possibilities for quality, high-rise buildings with architectural flexibility and cost effectiveness allowing modular

    to be utilized in dense urban environments where currently no cost-effective high-rise solution exists. Applying this R&D

    to high-rise construction and other markets creates a business opportunity that provides an unparalleled competitive

    advantage

    Forest City is committed to building the first residential building at Atlantic Yards by utilizing the solution developed

    during the two year R&D effort. The first residential building ( B2 ) will be 340,000 SF, 32- story rental building with 350

    units. FCRC is committed to starting the construction of this building in 2012. B2 is the first of the Atlantic Yards master

    planned development which has a pipeline of 6,430 units.

    As part of the research and development effort, Forest City has also been engaged in discussions with the Building and

    Construction Trades Council to create a new union classification of workers who will work in the factory at competitive

    wage rates.

    The Modular Building Process

    Modern Methods of Construction (MMC) encompasses innovative solutions in building products, software, tooling,

    methods and construction system innovations that increase the levels of safety, productivity, sustainability, lifespan,

    cost savings and speed of construction.

    Our solution utilizes many facets of MMC including Building Information Modeling (BIM), Preassembled Components,

    Subassemblies and Modular construction, Integrated Project Delivery Methods, Lean Construction/Manufacturing. We

    have also developed a proprietary innovative structural assembly method with Patent Pending connection details. Weare also working with the Building and Construction Trades Council to create a new union classification of worker who

    will work in our factory at competitive wage rates.

    Our solution focuses on the design, fabrication, MMC, and installation of three levels of Prefabrication: Preassembled

    Components, Subassemblies and Modular Construction. Prefabrication is a term used to describe the spectrum of

    applications where buildings, structures or parts are manufactured and assembled remotely from the building site prior

    to installation in their final position. In summary, this moves operations that are traditionally completed on-site at the

    project location to a manufacturing environment offsite.

    Modular projects will be produced by union labor in New York City. While initially constructed for use on Atlantic Yards,

    this new industry has the potential to create modular components for construction projects worldwide. This Modularfactory has the potential to introduce one of the first, major manufacturing expansions in New York City since

    manufacturing began its decline over a generation ago.

    Markets

    Modern Methods of Construction (MMC) is used around the world for multi-story housing, student housing, schools,

    hospitals, hospitality and many other institutional buildings. Modules with embedded technology are also used

    Wge

  • 8/11/2019 Forest City Ratner Modular Opportunity Brief, 1/6/12

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    widespread for Telco/Data modules, for domestic and international telecommunications sites, military bases, data

    centers, and cable landing stations. A more recent addition to MMC are prefabricated Bathroom PODS that have been

    used in the United State for almost five years, and overseas for about 20 years. These complete, factory-built

    bathrooms are easily integrated into conventional structures with multiple bathrooms, including multi-family housing,

    hotels, hospitals and military housing.

    Target markets:

    1. Multi-Story Housing Modules

    Forest City Immediate pipeline of over 8,000 apartment units in the NYC area alone

    Multi-family housing has 120,000 apartment units of new construction expected to come online in 2013 1

    Multi-family housing will rise 18% in dollars and 17% in units, continuing its moderate, upward trend in

    2012 2

    2. Prefabricated Bathroom PODS

    Healthcare -25% of all hospitals have construction planned in the next three years 3

    Hospitality-310,000 keys to be built in 2012. 4 Hospitality brands were early adapters for Bathroom

    PODS

    There are additional opportunities in Multi-story Housing, Student Housing and Military Housing3. Telco/Data Center modules

    The data center market is projected to reach $148B by 2015 5

    There are tremendous opportunities working with Telco/wireless companies, Power companies and the

    US Military

    The target sales area for the product mix above is regional with a reach of about a 500-mile radius around NYC for Multi-

    Story Housing, national for Bathroom PODS and Global for Telco/Data Center modules.

    Opportunity

    The partnership of Forest City and XSite Modular has invited a few innovative, progressive, world class companies to

    discuss the opportunity to participate on a partnership level in our exciting business. We are seeking an additional

    partner to establish and grow a viable, cost competitive modular factory business ( NYC Modular Factory ) using

    innovative Intellectual Property and Modern Methods of Construction (MMC) in a core, metro market providing much

    needed cost effective solutions to the high-rise residential, institutional and mission critical markets. Business to be

    founded by best in class factory, on-site and high-rise construction experts and fueled by a robust, built-in local pipeline

    and a favorable labor agreement, ensuring both long term sustainability and success.

    1 Multi-Family News 2011Construction Forecast 2012 Key Findings McGraw-Hill

    3 ASHE Presentation 20114 STR Global Research5 Gartner Research, Worldwide Cloud Services Market to Surpass $68 Billion in 2010

    Wge

    widespread for Telco/Data modules, for domestic and international telecommunications sites, military bases, data

    centers, and cable landing stations. A more recent addition to MMC are prefabricated Bathroom PODS that have been

    used in the United State for almost five years, and overseas for about 20 years. These complete, factory-built

    bathrooms are easily integrated into conventional structures with multiple bathrooms, including multi-family housing,

    hotels, hospitals and military housing.

    Target markets:

    1. Multi-Story Housing Modules

    Forest City Immediate pipeline of over 8,000 apartment units in the NYC area alone

    Multi-family housing has 120,000 apartment units of new construction expected to come online in 2013 1

    Multi-family housing will rise 18% in dollars and 17% in units, continuing its moderate, upward trend in

    2012

    2. Prefabricated Bathroom PODS

    Healthcare -25% of all hospitals have construction planned in the next three years 3

    Hospitality-310,000 keys to be built in 2012. 4 Hospitality brands were early adapters for Bathroom

    PODS

    There are additional opportunities in Multi-story Housing, Student Housing and Military Housing3. Telco/Data Center modules

    The data center market is projected to reach $148B by 2015 5

    There are tremendous opportunities working with Telco/wireless companies, Power companies and the

    US Military

    The target sales area for the product mix above is regional with a reach of about a 500-mile radius around NYC for Multi-

    Story Housing, national for Bathroom PODS and Global for Telco/Data Center modules.

    Opportunity

    The partnership of Forest City and XSite Modular has invited a few innovative, progressive, world class companies to

    discuss the opportunity to participate on a partnership level in our exciting business. We are seeking an additional

    partner to establish and grow a viable, cost competitive modular factory business ( NYC Modular Factory ) using

    innovative Intellectual Property and Modern Methods of Construction (MMC) in a core, metro market providing much

    needed cost effective solutions to the high-rise residential, institutional and mission critical markets. Business to be

    founded by best in class factory, on-site and high-rise construction experts and fueled by a robust, built-in local pipeline

    and a favorable labor agreement, ensuring both long term sustainability and success.

    Multi-Family News 2011Construction Forecast 2012 Key Findings McGraw-Hill

    3 ASHE Presentation 20114 STR Global Research5 Gartner Research, Worldwide Cloud Services Market to Surpass $68 Billion in 2010

    Wge

    widespread for Telco/Data modules, for domestic and international telecommunications sites, military bases, data

    centers, and cable landing stations. A more recent addition to MMC are prefabricated Bathroom PODS that have been

    used in the United State for almost five years, and overseas for about 20 years. These complete, factory-built

    bathrooms are easily integrated into conventional structures with multiple bathrooms, including multi-family housing,

    hotels, hospitals and military housing.

    Target markets:

    1. Multi-Story Housing Modules

    Forest City Immediate pipeline of over 8,000 apartment units in the NYC area alone

    Multi-family housing has 120,000 apartment units of new construction expected to come online in 2013 1

    Multi-family housing will rise 18% in dollars and 17% in units, continuing its moderate, upward trend in

    2012 2

    2. Prefabricated Bathroom PODS

    Healthcare -25% of all hospitals have construction planned in the next three years 3

    Hospitality-310,000 keys to be built in 2012. 4 Hospitality brands were early adapters for Bathroom

    PODS

    There are additional opportunities in Multi-story Housing, Student Housing and Military Housing3. Telco/Data Center modules

    The data center market is projected to reach $148B by 2015 5

    There are tremendous opportunities working with Telco/wireless companies, Power companies and the

    US Military

    The target sales area for the product mix above is regional with a reach of about a 500-mile radius around NYC for Multi-

    Story Housing, national for Bathroom PODS and Global for Telco/Data Center modules.

    Opportunity

    The partnership of Forest City and XSite Modular has invited a few innovative, progressive, world class companies to

    discuss the opportunity to participate on a partnership level in our exciting business. We are seeking an additional

    partner to establish and grow a viable, cost competitive modular factory business ( NYC Modular Factory ) using

    innovative Intellectual Property and Modern Methods of Construction (MMC) in a core, metro market providing much

    needed cost effective solutions to the high-rise residential, institutional and mission critical markets. Business to be

    founded by best in class factory, on-site and high-rise construction experts and fueled by a robust, built-in local pipeline

    and a favorable labor agreement, ensuring both long term sustainability and success.

    1 Multi-Family News 2011Construction Forecast 2012 Key Findings McGraw-Hill

    3 ASHE Presentation 20114 STR Global Research5 Gartner Research, Worldwide Cloud Services Market to Surpass $68 Billion in 2010

    Wge

  • 8/11/2019 Forest City Ratner Modular Opportunity Brief, 1/6/12

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    Forest City and XSite Modular will provide NYC Modular Factory with the following:

    Pipeline of work including Atlantic Yards B2 (B2 Contract value for factory only = over $50M 925 modules)

    Potential additional 14 - building Atlantic Yards pipeline of 6,000 housing units and 2,000 Forest City controlledhousing units in NYC area

    Multi-year NYC Union Labor Agreement (Factory Rate & Work Rules)

    Third Party Research and Development Investment for Modular Construction made by Forest City of $6M, not

    including the company's internal costs Potential for Additional Forest City Capital Investment

    World Class Developer/Entrepreneur and Modular Team

    Intellectual Property

    Factory Operations Expertise

    Operations & Management Team

    Secured NYC Factory Lease with Excellent Terms

    Market Research on Modular Business & High-Rise Construction

    Relationships & Reputation

    Mutually Agreed upon Shares in NYC Modular Factory for Partners

    Requested Partner Commitment

    Significant Capital Investment

    Completion Guarantee/Guaranteed Maximum Price for factory-built modules

    Payment & Performance Bonds

    Funding Capital Contributions or any Operational Shortfall for Four Years (B2 Contract Supports Factory for 16months)

    Partner's ability to market NYC Modular Factory to additional Regional, National and Global Clients

    Compatible Corporate Culture to FCRC and XSite Modular

    Commitment to NYC Modular Factory

    Once terms are established, Partner must have the ability to execute contracts within 45 days

    3 1 Page

    Forest City and XSite Modular will provide NYC Modular Factory with the following:

    Pipeline of work including Atlantic Yards B2 (B2 Contract value for factory only = over $50M 925 modules)

    Potential additional 14 - building Atlantic Yards pipeline of 6,000 housing units and 2,000 Forest City controlledhousing units in NYC area

    Multi-year NYC Union Labor Agreement (Factory Rate & Work Rules)

    Third Party Research and Development Investment for Modular Construction made by Forest City of $6M, not

    including the company's internal costs Potential for Additional Forest City Capital Investment

    World Class Developer/Entrepreneur and Modular Team

    Intellectual Property

    Factory Operations Expertise

    Operations & Management Team

    Secured NYC Factory Lease with Excellent Terms

    Market Research on Modular Business & High-Rise Construction

    Relationships & Reputation

    Mutually Agreed upon Shares in NYC Modular Factory for Partners

    Requested Partner Commitment

    Significant Capital Investment

    Completion Guarantee/Guaranteed Maximum Price for factory-built modules

    Payment & Performance Bonds

    Funding Capital Contributions or any Operational Shortfall for Four Years (B2 Contract Supports Factory for 16months)

    Partner's ability to market NYC Modular Factory to additional Regional, National and Global Clients

    Compatible Corporate Culture to FCRC and XSite Modular

    Commitment to NYC Modular Factory

    Once terms are established, Partner must have the ability to execute contracts within 45 days

    3 Page

    Forest City and XSite Modular will provide NYC Modular Factory with the following:

    Pipeline of work including Atlantic Yards B2 (B2 Contract value for factory only = over $50M 925 modules)

    Potential additional 14 - building Atlantic Yards pipeline of 6,000 housing units and 2,000 Forest City controlledhousing units in NYC area

    Multi-year NYC Union Labor Agreement (Factory Rate & Work Rules)

    Third Party Research and Development Investment for Modular Construction made by Forest City of $6M, not

    including the company's internal costs Potential for Additional Forest City Capital Investment

    World Class Developer/Entrepreneur and Modular Team

    Intellectual Property

    Factory Operations Expertise

    Operations & Management Team

    Secured NYC Factory Lease with Excellent Terms

    Market Research on Modular Business & High-Rise Construction

    Relationships & Reputation

    Mutually Agreed upon Shares in NYC Modular Factory for Partners

    Requested Partner Commitment

    Significant Capital Investment

    Completion Guarantee/Guaranteed Maximum Price for factory-built modules

    Payment & Performance Bonds

    Funding Capital Contributions or any Operational Shortfall for Four Years (B2 Contract Supports Factory for 16months)

    Partner's ability to market NYC Modular Factory to additional Regional, National and Global Clients

    Compatible Corporate Culture to FCRC and XSite Modular

    Commitment to NYC Modular Factory

    Once terms are established, Partner must have the ability to execute contracts within 45 days

    3 1 Page

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    Partner Backgroun d Information

    Forest City Ratner Companies www.forest city.net

    Forest City Ratner Companies maintains a strong commitment to developments that enhance local communities and

    encourage economic development. Based in Brooklyn, Forest City Ratner Companies is a full-service, vertically

    integrated real estate company with expertise in all facets of development. It is well known as a firm that consistently

    takes on and completes large, complex mixed-use projects.

    Forest City has developed, and currently owns and operates 11 million square feet of commercial property in the New

    York metropolitan area, including office, retail and residential.

    XSite Modular www.xsitemodular .com

    XSite Modular is a woman-owned, modular design/build consulting and management company focused on complex,

    technology-embedded modular buildings including high-rise modular buildings. Our team has extensive experience in

    design, construction, and installation of modular buildings of all types including data centers, healthcare buildings,

    equipment and communications enclosures, educational buildings and student housing, multi-family dwellings and

    prefabricated Bathroom PODS.

    The XSite Modular team has designed and installed modular buildings on five of the seven continents. Our permanentmodular buildings use conventional non-combustible materials designed with conventional aesthetics, features and

    options. We can celebrate the modularity of design or create seamless architectural designs. As a member of the

    design/build team, our modular expertise allows clients to achieve their desired program and design while attaining the

    maximum benefits of modular construction including reduced construction schedule and total project costs, consistent

    high-quality, safer construction with reduced site disruption that is inherently eco-friendly.

    Atlantic Yards

    The $4.9 billion Atlantic Yards project is the redevelopment of 22 acres in downtown Brooklyn by Forest City Ratner

    Companies (FCRC) that will include approximately 6 million square feet of residential space (6,430 units of affordable

    and market-rate housing), the Barclays Center, a state of the art sports and entertainment arena 247,000 square feet

    of retail use, approximately 336,000 square feet of office space, and 8 acres of publicly accessible open space. Theproject plan permits a program variation which could allow for up to 1.6 million square feet of office space. The project

    also includes major transportation improvements, including a new storage and maintenance facility for the LIRR and a

    new subway entrance to the Atlantic Terminal Transit Hub, the third largest hub in the City. The project's Master Plan

    was designed by renowned architect Frank Gehry.

    Atlantic Yards B2

    Three new residential towers are envisioned to cradle the Barclays Center along the southern and eastern elevations of

    the arena site fronting Dean Street, Flatbush Avenue, and 6th Avenue. B2 will be the first of the three residential

    towers to rise on the arena site. B2, will employ a unique architectural and structural design approach that is not

    immediately outwardly apparent; The building, with approximately 350 rental apartments, 340,000-squarefoot and 32-

    storys , would be the world's tallest modular building. 50 percent of all units will be affordable to low- and middle

    income households.. For the design and build team, modular has not only offered an opportunity to address the City's

    need for affordable housing, but provides a unique opportunity to pioneer a type of high-rise residential that is both

    innovative and sustainable. When built modular, the first residential building constructed at Atlantic Yards would bring

    the most advanced design/build technology to the heart of Brooklyn.

    IPage

    Partner Background Information

    Forest City Ratner Companies www.forest city.net

    Forest City Ratner Companies maintains a strong commitment to developments that enhance local communities and

    encourage economic development. Based in Brooklyn, Forest City Ratner Companies is a full-service, vertically

    integrated real estate company with expertise in all facets of development. It is well known as a firm that consistently

    takes on and completes large, complex mixed-use projects.

    Forest City has developed, and currently owns and operates 11 million square feet of commercial property in the New

    York metropolitan area, including office, retail and residential.

    XSite Modular www.xsitemodular.com

    XSite Modular is a woman-owned, modular design/build consulting and management company focused on complex,

    technology-embedded modular buildings including high-rise modular buildings. Our team has extensive experience in

    design, construction, and installation of modular buildings of all types including data centers, healthcare buildings,

    equipment and communications enclosures, educational buildings and student housing, multi-family dwellings and

    prefabricated Bathroom PODS.

    The XSite Modular team has designed and installed modular buildings on five of the seven continents. Our permanentmodular buildings use conventional non-combustible materials designed with conventional aesthetics, features and

    options. We can celebrate the modularity of design or create seamless architectural designs. As a member of the

    design/build team, our modular expertise allows clients to achieve their desired program and design while attaining the

    maximum benefits of modular construction including reduced construction schedule and total project costs, consistent

    high-quality, safer construction with reduced site disruption that is inherently eco-friendly.

    Atlantic Yards

    The $4.9 billion Atlantic Yards project is the redevelopment of 22 acres in downtown Brooklyn by Forest City Ratner

    Companies (FCRC) that will include approximately 6 million square feet of residential space (6,430 units of affordable

    and market-rate housing), the Barclays Center, a state of the art sports and entertainment arena 247,000 square feet

    of retail use, approximately 336,000 square feet of office space, and 8 acres of publicly accessible open space. Theproject plan permits a program variation which could allow for up to 1.6 million square feet of office space. The project

    also includes major transportation improvements, including a new storage and maintenance facility for the LIRR and a

    new subway entrance to the Atlantic Terminal Transit Hub, the third largest hub in the City. The project's Master Plan

    was designed by renowned architect Frank Gehry.

    Atlantic Yards B2

    Three new residential towers are envisioned to cradle the Barclays Center along the southern and eastern elevations of

    the arena site fronting Dean Street, Flatbush Avenue, and 6th Avenue. B2 will be the first of the three residential

    towers to rise on the arena site. B2, will employ a unique architectural and structural design approach that is not

    immediately outwardly apparent; The building, with approximately 350 rental apartments, 340,000-squarefoot and 32-

    storys , would be the world's tallest modular building. 50 percent of all units will be affordable to low- and middle

    income households.. For the design and build team, modular has not only offered an opportunity to address the City's

    need for affordable housing, but provides a unique opportunity to pioneer a type of high-rise residential that is both

    innovative and sustainable. When built modular, the first residential building constructed at Atlantic Yards would bring

    the most advanced design/build technology to the heart of Brooklyn.

    IPag e

    Partner Backgroun d Information

    Forest City Ratner Companies www.forest city.net

    Forest City Ratner Companies maintains a strong commitment to developments that enhance local communities and

    encourage economic development. Based in Brooklyn, Forest City Ratner Companies is a full-service, vertically

    integrated real estate company with expertise in all facets of development. It is well known as a firm that consistently

    takes on and completes large, complex mixed-use projects.

    Forest City has developed, and currently owns and operates 11 million square feet of commercial property in the New

    York metropolitan area, including office, retail and residential.

    XSite Modular www.xsitemodular .com

    XSite Modular is a woman-owned, modular design/build consulting and management company focused on complex,

    technology-embedded modular buildings including high-rise modular buildings. Our team has extensive experience in

    design, construction, and installation of modular buildings of all types including data centers, healthcare buildings,

    equipment and communications enclosures, educational buildings and student housing, multi-family dwellings and

    prefabricated Bathroom PODS.

    The XSite Modular team has designed and installed modular buildings on five of the seven continents. Our permanentmodular buildings use conventional non-combustible materials designed with conventional aesthetics, features and

    options. We can celebrate the modularity of design or create seamless architectural designs. As a member of the

    design/build team, our modular expertise allows clients to achieve their desired program and design while attaining the

    maximum benefits of modular construction including reduced construction schedule and total project costs, consistent

    high-quality, safer construction with reduced site disruption that is inherently eco-friendly.

    Atlantic Yards

    The $4.9 billion Atlantic Yards project is the redevelopment of 22 acres in downtown Brooklyn by Forest City Ratner

    Companies (FCRC) that will include approximately 6 million square feet of residential space (6,430 units of affordable

    and market-rate housing), the Barclays Center, a state of the art sports and entertainment arena 247,000 square feet

    of retail use, approximately 336,000 square feet of office space, and 8 acres of publicly accessible open space. Theproject plan permits a program variation which could allow for up to 1.6 million square feet of office space. The project

    also includes major transportation improvements, including a new storage and maintenance facility for the LIRR and a

    new subway entrance to the Atlantic Terminal Transit Hub, the third largest hub in the City. The project's Master Plan

    was designed by renowned architect Frank Gehry.

    Atlantic Yards B2

    Three new residential towers are envisioned to cradle the Barclays Center along the southern and eastern elevations of

    the arena site fronting Dean Street, Flatbush Avenue, and 6th Avenue. B2 will be the first of the three residential

    towers to rise on the arena site. B2, will employ a unique architectural and structural design approach that is not

    immediately outwardly apparent; The building, with approximately 350 rental apartments, 340,000-squarefoot and 32-

    storys , would be the world's tallest modular building. 50 percent of all units will be affordable to low- and middle

    income households.. For the design and build team, modular has not only offered an opportunity to address the City's

    need for affordable housing, but provides a unique opportunity to pioneer a type of high-rise residential that is both

    innovative and sustainable. When built modular, the first residential building constructed at Atlantic Yards would bring

    the most advanced design/build technology to the heart of Brooklyn.

    IPage