The Real Deal New York

From the July issue: It’s a tough time to be a residential developer, as The Real Deal explores in a series of stories. Projects are taking longer to sell out, placing developers in a bind as lenders typically won’t let them lower prices. And as units sit, developers find themselves with additional costs. Some developers are choosing to go with Plan B and switch from condos to rentals, but even that is far from a safe bet these days.