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new extell buidling @ 40. rental?

Started by Riversider
over 17 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://therealdeal.com/newyork/articles/extell-development-files-plans-for-largest-riverside-south-tower-yet-40-riverside-boulevard-costas-kondylis-partners-trump http://therealdeal.com/newyork/articles/city-reviewing-proposal-that-boosts-value-of-421-a-certificates-real-estate-board-of-new-york-gary-barnett-extell-development
Response by Riversider
over 17 years ago
Posts: 13573
Member since: Apr 2009

Soudnds Like Extell is giving up on condos and focusing on rental. Based on the large number of units they're probably focusing on studios and one bedrooms. If I'm correct this is the future of Riverside South.

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Response by Riversider
over 17 years ago
Posts: 13573
Member since: Apr 2009

Any idea what this means for Rushmore buyers? If true this is a very bearish stance.

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