While Verizon is planning to move 1,100 workers out of Lower Manhattan after two building floods in as many years, TF Cornerstone is banking on the fact that luxury renters will still want to live in FiDi, even if things didn’t go so well the last time around.
TF Cornerstone has invested $15 million to repair its severely storm-damanged 51-story tower at 2 Gold Street and the adjacent 201 Pearl Street, going so far as to install a 13-foot-by-11-foot aluminum gate that uses nitrogen-fueled gaskets to create a watertight seal for the basement.
Developers, if at first you don’t succeed in ousting rent-stabilized tenants, try, try and try for several more years.
A team of Vornado Realty Trust and the Clarett Group appears to have reached a settlement with rent-stabilized tenants at 220 Central Park South. The developers of a proposed new condo project want to tear down Read More
Facing an uncertain legal outcome of a giant housing development planned for northern Brooklyn, the Bloomberg administration last week offered to settle with a set of community groups in an effort to end a lawsuit challenging the project, according to a letter the city sent to the judge in the case.
The city’s offer was Read More