Stalled projects come back from dead
Some construction sites see building again, but with downsized plans or deep discounts
February 02, 2010 03:29PM
By Sarah Ryley
From left: 360 Smith Street, 73 Pineapple Street, 303 East 51st Street, Beekman Tower and 189 Schermerhorn Street
From the February issue:Hundreds of dormant construction sites still dot the city, but a
handful of these beleaguered projects are finally seeing new life –
even if it’s not what was once dreamed of for the location. Those that
have seen some type of resolution were able to do so by selling off
their debt at steep discounts, slimming their construction costs or
setting their sights way lower.
This month, The Real Deal tracked down 20 stalled projects
that have seen some type of resolution within the past several months
(see chart after the jump). [more]
Tags:
237 north 9th street,
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42nd street tower,
510 driggs avenue,
andres hogg,
aptsandlofts.com,
ariel levy,
Beekman Tower,
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Chelsea,
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david maundrell,
department of buildings,
espais,
greiner-maltz real estate,
isack rosenberg,
lou coletti,
maccaren park mews llc,
massey knakal,
michael phillips,
new york city school construction authority,
real capital analytics,
related companies,
Robert Knakal,
sds procida,
Sheldon Solow,
the wings group,
tower 111,
upper east side,
wachovia bank,
warehouse 11,
Williamsburg,
yitzchok schwartz
