So Gather the Family for a Holiday Festival Like No Other

The Orchard Town Center Debuts “Ice Gardens” – the First ‘Hybrid Ice® Rink’
in the Denver Metro Area!

DENVER, November 7, 2008 --  It’s the most wonderful time of the year  and it’s a wonderful time to bring your family to The Orchard Town Center for holiday shopping, dining and entertainment!  To get the holiday season started, The Orchard Town Center is debuting its new eco-friendly, hybrid ice® rink, Ice Gardens, on November 15, 2008, from 6 to 9 p.m.

The Ice Gardens, in addition to The Orchard’s festive holiday decor and entertainment, creates an awesome winter wonderland for the entire family to enjoy.  As the first and only hybrid ice® rink in the Denver Metro area, the Ice Gardens will bring together the fun of ice skating while conserving resources, as there is no need for water, refrigeration units, or electricity.

So how does it work?  The hybrid ice® rink, made from a non-toxic, recyclable, polymer compound, is an eco-friendly, low-cost alternative to real ice. The product isn´t frozen and feels the same as room temperature.  A non-toxic enhancer is applied to the surface of the rink to facilitate a gliding action. The enhancer acts as a lubricant to help reduce the friction created by a skate blade. Heat created by the blade moving across the surface releases the lubricant to simulate a gliding action. The overall glide factor on synthetic ice is 10-15% slower than real ice, therefore accidents are minimal in comparison to refrigerated or real ice, making it a smart choice for the entire family, especially children!

The Orchard’s Holiday Festival and hybrid ice® rink will also be filled with holiday characters for guests young and old alike. There will be skating toy soldiers, ballerinas and elves, Santa and Mrs. Claus, face-painting elves and fairies, as well as balloon-making fairies, a polar bear, Candy the Bear, Frosty the Snowman, strolling Victorian Carolers, and an Elves Workshop.   The Jill Carr Band will also be performing a variety of music, including holiday favorites from
6-9 p.m.

Guests visiting the Ice Gardens will have the option of bringing their own skates (sharp blades required) or renting skates at the rink.  The Ice Gardens will be located on Town Center Drive at The Orchard Town Center in Westminster, off Hwy. 25 and 144th Avenue.  Rink hours are Monday through Saturday 11 a.m. to 8 p.m. and Sundays from 1 to 6 p.m. Rink hours will be extended beginning December 15.  For additional details including pricing and extended hours visit www.TheOrchardTownCenter.com.

The Orchard Town Center will continue to celebrate the holidays throughout November and December with the following events:
The North Pole Express, where children can ride the train with Santa every Friday from 10 a.m. to 1 p.m. and Saturday from 5 to 8 p.m.

WinterFest Wednesdays, free and open to the public, which will feature musical entertainment, strolling performers, crafts, prizes and giveaways, from 6 to 9 p.m. Nov. 19 through Dec. 17.  
Visit www.TheOrchardTownCenter.com for details about Orchard’s many holiday events and specials.

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The Orchard Town Center is north Denver metro’s premier shopping, dining and entertainment destination offering guests a charming town square leading to over 60 specialty shops, restaurants and entertainment venues.  The Orchard is conveniently located on the northwest corner of Interstate 25 at 144th Avenue and is home to Macy’s, JCPenney, SuperTarget, and AMC Theatres.  For more information, visit www.TheOrchardTownCenter.com.

Forest City Enterprises, Inc. is a $10.9 billion NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.  For more information, visit www.forestcity.net.

Safe Harbor Language
Statements made in this news release that state the Company’s or management´s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. The Company´s actual results could differ materially from those expressed or implied in such forward-looking statements due to various risks, uncertainties and other factors.  Real estate development risks and factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the inability to secure sufficient financing on favorable terms, construction risks, increases in commodity costs, the inability to obtain required governmental permits and authorizations, the inability to secure tenants or anchors for the project, the  withdrawal of a prospective anchor or project partner, opposition from third parties, competition in the target market, economic conditions in the target market, the adverse impact of environmental matters, softening of the housing market, and other risk factors as disclosed from time to time in the Company’s SEC filings, including but not limited to, the Company’s annual and quarterly reports.