MaryAnne Gilmartin took over as president and chief executive of Forest City Ratner, one of the city's most prolific developers, on Wednesday. She succeeds the company's long-time Chief Executive Bruce Ratner, who had announced he would step down earlier this year.
In her new role Ms. Gilmartin will take over one of the city's most ambitious developments, Atlantic Yards on the edge of downtown Brooklyn where Forest City Ratner finished work on the Barclays Center in September and in December began building a rental apartment building next door, the first of up to 15 such properties it plans to raise at the site.
In addition, she said she will also work to build up a new pipeline of development sites, particularly in Queens, and will work to make the Metrotech Center, a complex of office buildings Forest City Ratner began building along Flatbush Avenue in downtown Brooklyn in the late 1980s, appealing to technology and creative companies. Originally, it was pitched as ideal back office space for major Wall Street firms.
While many developers have focused on areas like Manhattan's far West Side, Ms. Gilmartin said she is looking to create new projects in Queens, though she declined to specify what neighborhoods she would focus on.
"The West Side is crowded," Ms. Gilmartin said. "I like the East Side and Queens."
It's easy to run a company like FC Ratner when the City is throwing millions of dollars in corporate welfare at you.