Sentences with phrase «luxury condo developer»
Luxury condo developers today face tougher underwriting...
nreionline.com
It was de Blasio's administration that lifted deed restrictions on Rivington House, the former AIDS nursing home, allowing the longtime community facility to fall into the hands of luxury condo developers.
A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan's luxury condo developers.
City Councilwoman Margaret Chin said Wednesday that she alerted a City Hall staffer in December about the potential sale of a nursing home on Manhattan's Lower East Side to a luxury condo developer, the latest revelation in a case that is now under investigation by three government agencies.
Both men are part of a separate investigation by Bharara's office into Allure's sale of a nonprofit nursing home on Manhattan's Lower East side to a luxury condo developer after de Blasio's administration made the unusual decision to lift the deed restriction.
In early 2015, the City lifted deed restrictions on the former public school, then AIDS hospice center, and the building was subsequently sold to a luxury condo developer, at the outrage of the general public.
Before an obscure city agency cleared the way for a Lower East Side nursing home to be sold to a luxury condo developer, City Hall officials teamed up with a high - powered union on an earlier phase of the deal, newly released records show.
The lifting of the restrictions allowed Allure Group, a for - profit nursing home provider, to flip the property at 45 Rivington St. to a luxury condo developer for $ 116 million.
Lifting the restriction allowed the property's new owner, Allure Group, to flip it — at a $ 72 million profit — to a luxury condo developer.