After the condo plan at Swig Equities condo conversion 25 Broad Street dissolved and a new plan was drafted, a tipster told Curbed that buyers had 90 days to re-sign the new contracts, and some of the would-be purchasers decided to abandon their contracts and walk away from the deals. There is also a rumor that a friend of the developer invested in a block of apartments in the building to qualify for the 15 percent needed to make the new condo plan effective.
Buyers could be walking away from 25 Broad
September 19, 2008 04:17PM
