Towers on the Park

leasing permitted after 1 year of ownership; i heard that only 2% of units are rented. i would guess there is low turnover because most residents don't want to leave.

That is misleading. That board did not read the by-laws. Owners were permitted after the city subsidizes expired (2010 ish?). The board that changed that were not qualified and misled sellers, buyers since. As I had personally hired counsel to explain the by-laws to them. The 1 year occupancy was voted under fraud (as that board never disclosed renting was available)
They are now trying to make this condo a co-op by proposing a 2 year occupancy then a 6 out of 10 year rental,as a lot of unit owners have been here since the condo was built and irony of all ironies, they want to prevent unsavory people to live here (their opinion, no back up)
It's probably going to court

I can't imagine who would want to lower the value on their apt. by going coop.

After all, this co-do is still much much better than those CO-OPs controlled by the SOBs