FOR IMMEDIATE RELEASE: December 13, 2001	CONTACTS: Tom Gleason Forest City (303) 382-1800
Forest City Names More Retail for Quebec Square
Border Books and Just for Feet to come to Stapleton Denver—Forest City announced today that Border Books and Just For Feet will join the growing list of retail stores at its Quebec Square Retail Center on the western edge of the former Stapleton International Airport. The popular retailers, who are both new to the Northeast Denver area, will join Home Depot, Super Wal-Mart and Sam’s Club in the 740,000 square foot retail center that will open in the summer of next year at the intersection of 35th Avenue and Quebec Street. Just for feet will occupy approximately 14,000 square feet in Quebec Square in the second half of 2002. Borders Books, which will lease 23,000 square feet, is expected to be open in late summer or early fall of next year. This latest announcement brings the total space leased or purchased at Quebec Square to 510,000 square feet, with additional tenants expected to be under contract and announced in the near future. . “Quebec Square is a regional retail center with easy access to interstate highways that include I-70 and I-270, but it also features unique pedestrian amenities designed to attract customers who walk from nearby neighborhoods and adjacent employers such as the United Air Lines Flight Training Center and the Quebec Street hotels that once served the former airport,” said John Lehigh, chief operating officer for Forest City Stapleton, Inc “Placing retail within convenient pedestrian access of employment centers and residential neighborhoods is a key characteristic of the mixed-use neighborhoods we are now building at Stapleton. We are pleased that Border Books and Just For Feet will be part of Denver’s newest neighborhoods,” Mr. Lehigh added. Every week there are new indications that the Stapleton Redevelopment is quickly progressing,” Mayor Webb said. “Border Books and Just for Feet join the rush of retailers wanting to be part of this exciting new community. These respected retail stores will be a welcome addition to the new homes, schools, parks and businesses to be located in this dynamic development.” “Borders Books is excited about the redevelopment that is taking place in the Northeast Quadrant of Metropolitan Denver, and we are proud to be part of the new community being built at Stapleton,” added Cheryl Levin, Territorial Real Estate Director for the Central Region of Borders Books. The pace of the redevelopment of Stapleton has increased dramatically since Forest City took title to its first 270-acre parcel of land in May of this year. With the completion of most of the below grade infrastructure required for Quebec Square, streets and parking lots are being paved and vertical construction of the Home Depot store at the corner of Smith Road and Quebec is now visible. Six blocks to the south, infrastructure work for Forest City’s first mixed-use neighborhood is well underway. The 5,000 square foot Stapleton Visitors’ Center is nearing completion at Martin Luther King Boulevard and Syracuse Street, with a formal opening scheduled in January. Nearby, Forest City’s first seven home builders will soon begin construction on model homes scheduled to be open in the spring of next year within walking distance of the East 29th Avenue Town Center with its 2.5-acre town green and a variety of neighborhood retail. Recently, Forest City announced an agreement with King Soopers, Colorado’s oldest and largest grocery chain, to anchor the East 29th Avenue Town Center with a 58,000 square foot store scheduled to open in June of 2003. Not far away, an 80-acre urban park located across from the control tower, will open in 2004 as part of the 1,100 acres of new parks and open space to be preserved at Stapleton. Forest City has already paid more than $4 million of the $44 million in funds it has pledged to the preservation of open space at Stapleton. When it is fully developed in 20 years, Stapleton is anticipated to have 12,000 homes and apartments affordably priced for a wide range of incomes, 30,000 residents and 30,000 new jobs. When completed, the redevelopment of Stapleton will represent about $4 billion in new development. Forest City Stapleton is a subsidiary of Forest City Enterprises, Inc., (NYSE: FCEA and FCEB) a $4 billion NYSE-listed real estate company headquartered in Cleveland, Ohio. Forest City Enterprises is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. Its portfolio includes interests in retail centers, apartment communities, office buildings and hotels, and its primary markets include Boston, Denver, Los Angeles, New York, Philadelphia, Richmond (Virginia), San Francisco and Washington, D.C. Additional information about Stapleton is available at www.StapletonDenver.com or www.fceinc.com