From the May issue: In the depths of the recession, when it was easier to get a reservation at Per Se than to sell a multimillion-dollar apartment in New York City, stories abounded of real estate developers scrambling to cover their costs by leasing out unsold condo inventory. It wasn’t a perfect solution — it’s notoriously difficult to get buyer financing in a part-condo, part-rental building — and in most cases, the strategy was never intended to be permanent. Two years later, as many of those original leases expire and the market begins to reheat, some developers are once again ready to sell, reuniting these once-fractured condos. [more]

Johnny Weir and Twenty9th Park Madison

Johnny Weir, the Olympic figure skater and reality television star, has purchased a one-bedroom pad at the new Twenty9th Park Madison condominium, and according to the Post, fans can expect to see his move chronicled on the second season of the Sundance Channel’s “Be Good Johnny Weir.” The 26-year-old paid $1.1 million for his new digs, which Curbed suspects is the 826-square-foot unit #22D. The apartment was listed for $1.235 million with Warbug Realty’s Richard Steinberg, a reality television show star in his own right on HGTV’s “Selling New York.” Comments

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Warburg Marketing Group has replaced the now-defunct Coldwell Banker Hunt Kennedy as the exclusive marketing and sales agent at Twenty9th Park Madison, Warburg said. Richard Steinberg, an executive managing director at Warburg, is
overseeing sales at the 142-unit condominium, according to Andres Hogg,
U.S. general manager of Espais Promocions Immobiliáries, the building’s
developer. The on-site brokers, formerly CBHK agents, will now be employed by Warburg and Steinberg will lead the team. “We made a decision to keep the sales staff we had in-house, but to
bring in a person like Richard to manage the people who are doing our
sales,” Hogg said. [more]