Crains on Fidi: condos to semi-legal hotels
Started by alanhart
over 17 years ago
Posts: 12397
Member since: Feb 2007
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[Apologies if this has already been posted] http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20081214/FREE/312149985/1008 Hotels spring up in unsold condos The downtown building boom led to a glut of luxury condo developments in former office buildings near Wall Street. As several of these high-rises remain unfilled, developers and landlords are making “other arrangements” to squeeze a return out of their investment. [more]