Quote:
Originally Posted by CIA
The building sold for $400 million and we know the value of that was attributed to the airtight s since it underwent an expensive demolition. That would be more than enough for a handsome renovation of the building.
I agree it could have been worse, but that's a very low standard...
All for 99 ultra luxury condos. If it was benefiting more people, I could support. Housing is in desperate need in the city. This is 99 units with the majority of which will be unoccupied most of the time. I bet it will be easy to tell because the lights in the condo units will be off most of the time.
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Less affordable housing would never fly on this site, chiefly due to it's expense.
There is no reason why high density housing needs to go up in midtown...there are plenty of areas in Manhattan, Queens and Brooklyn where land prices are more agreeable with that type of housing.