The Real Deal New York

When the lobby needs renovations

December 19, 2005 12:00AM

More buildings in New York are playing out a particular scene: Residents come together to discuss and to decide renovations to the lobby of the building they share so as to not lose affluent buyers to the amenity-laden new development nearby. Call it necessary face-lift in a hyper-competitive market. But what, exactly, do residents get in return for these renovations? more [New York]

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