anyone on streeteasy purchase a unit here? it looks like the first unit delivery date (within a year of 1/1/08) has passed with no word from the sponsor on any completion. under the contract the sponsor is obigated to offer a refund to anyone in contract. what are you going to do?

im working with a couple of contract holders in the building. Theyre telling me about Spring time for closings. No mention of the delivery date. But that is interesting. sunny_hong@countrywide.com

Theyre telling me about Spring time for closings. No mention of the delivery date. But that is interesting.

I figure that's about the time the whole Long Island City collapse will start........

read the plan. While I am not familiar with the building's plan, most plans have a delivery date and an out-of-contract date. It is normally 1 to 2 years after the original delivery date. I can't imagine that 1/1/08 was the delivery date since it seemed to just start being built at that time. Like I said, not familiar with the plan though.

"...if the First Closing does not occur
within 12 months after January 1, 2008, Sponsor will offer all Purchasers,
as their sole remedy, the right for at least fifteen days, to rescind their
purchase agreements and receive a refund of the deposit."

i am pursuing with my lawyer.