notice to close; 2 wks later, right to rescind??

Could it be as simple as the developer hopes they can get a few units back and resell for more money? Or some clause in the contract was triggered by a non-performance of some type but they don't want to call attention to what it is specifically?

Maybe the closings were delayed by more than a year after the offering plan said they'd be, in which case the sponsor has to let you bail if you want to. See http://www.ag.ny.gov/sites/default/files/pdfs/bureaus/real_estate_finance/Memo-re-Delay-in-Closing.pdf

@uptown_joe and @NWT....both appreciate your input....am hoping you're right Uptown_Joe about sponsor
wanting to resell for more money (implication: i've already done well with my investment. ;)