Developer banks on Obama clause

October 24, 2008 04:05PM

Developer Erik Ekstein is offering to put an Obama contingency clause — allowing purchasers to back out if John McCain wins the presidential race — in any contracts signed before November 4, for units in his Chelsea condominium tower at +Art condo at 540 West 28th Street. Ekstein said he decided to offer the clause after hearing prospective buyers say they won’t be buying property if McCain wins. Units in the building start at over $2 million.


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