The executed agreement with the non-profit Stapleton DevelopmentCorp. gives Forest City the right to purchase 3,000 developableacres at Stapleton. The company calls it an "ambitious developmentplan." That may be an understatement, as company officials andothers call it the largest urban infill development ongoing in thecountry.
The redevelopment will include 12,000 homes, 10 million sf ofoffice and research and development space, and three million sf ofretail space. The first phase consists of 800 homes and 350apartments. There also will be a 200,000-sf retail town center,750,000-sf regional retail complex and 100,000-sf office buildingin the first phase. The first homes, town center, regional retailcenter and office building are projected to open in 2002.
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