Will Stuy Town be razed?

A Stuyvesant Town resident says that the complex’s new owner, Tishman Speyer, is considering demolishing its 8,757 apartments in order to build luxury condos on the East Side site. The highly speculative rumor is circulating as the landlord continues to dramatically hikes rents on the property’s market-rate units. Tishman Speyer purchased Stuy Town and Peter Cooper Village for $5.4 billion late last year. more [Curbed]