Susi Yu is the Executive Vice President of Residential Development for Forest City Ratner Companies. She returned to Forest City in February 2015, after a 20 month tenure with the Howard Hughes Corporation (HHC) as Senior Vice President of Development. She is currently overseeing the build-out of Pacific Park Brooklyn, the 22-acre project in Downtown Brooklyn that will ultimately be comprised of 6,430 residential units, 247,000 SF of retail space, 336,000 SF of office space and 8 acres of publicly accessible open space. Prior to the stint at HHC, Susi spent 12.5 years at Forest City Ratner Companies leading the development of large scale, mixed-use urban projects.
In 2003, Susi began researching the feasibility of residential development for the company. She created a comprehensive report comprising rental market analysis and tax-exempt bond financing scenarios, which she presented to the senior executive staff. The plan to pursue residential development as a new business venture was approved. As part of the plan to create a residential development pipeline, Susi worked closely with Bruce Ratner on Brooklyn condominium market research, investor tours, public presentations and overseeing the initial master planning for Pacific Park.
Beginning in 2004, Susi was the development executive overseeing all aspects of the development of 8 Spruce Street, the 76 story residential building in Lower Manhattan designed by world-renowned architect Frank Gehry. 8 Spruce opened in March 2011 with rents and absorption exceeding the proforma projections and continues to outperform.
Susi’s other projects for Forest City Ratner include negotiating the acquisition of 800,000 SF of development rights with Polytechnic University and overseeing the development of a 900,000 SF academic and residential tower designed by Renzo Piano in partnership with the NYC College of Technology. Susi also spearheads the search for new residential opportunities including responding to RFP’s and assessing potential site acquisitions.
Trained as an architect at the University of Virginia’s School of Architecture, Susi previously worked for 10 years as an architect, most recently as a Project Architect for Robert A.M. Stern on hotel, public, multi-family residential and single-family residential projects. She is a graduate of Columbia University’s Masters of Science in Real Estate Development Program and is a registered architect in New York State. Susi emigrated from Seoul, Korea to Richmond, Virginia at the age of 10.
Susi currently resides in Downtown Brooklyn with her husband Roger Fortune and their two daughters, Cooper and Marlow. Susi also serves on an advisory board of a privately held real estate company.