Thursday, February 22, 2007
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This blog is for owners or people who'd like to be owners at the Belltel Lofts at 365 Bridge Street Downtown Brooklyn. Also, anyone wanting to discuss Downtown Brooklyn in general.
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2007
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February
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- Clipper Equity, buyer of Starret City is also owne...
- New Developments in DoBro (Brownstoner)
- Mayor Trumpets Building Boom, But We’re Still Burs...
- Housing Market Heats Up Again in New York City
- Real Estate numbers look good for this past January
- Talk of public toilets on Fulton Mall and streetsc...
- Music Factory going out of business on Fulton St.
- More news. No Walmart.
- According to this, Walmart looks like a no go.
- This just in. Albee Square Mall headed for demoli...
- Fed leaving rates unchanged
- WalMart on the corner of Willoughby & Flatbush?
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February
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Blogs
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About Me
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Belltellofts Official Website
2 comments:
[EJ]: I never noticed this before, but the developer (and through Metrotech I, LLC, the indirect owner/sponsor) of BellTel is Clipper Equity, which has been in the news a lot recently, due to the Starrett City purchase situation (they're the putative buyer).
That might be a problem for some folks; in and of itself, it doesn't especially bother me - at least for the time being, they claim they can keep the housing there affordable. One thing that makes me wonder, though, are some of the things coming out about Clipper Equity. For example, CE currently has a portfolio of 4,768 apartments in 71 buildings - and also has 8,792 outstanding maintenance code violations amongst these properties (according to the New York City Department of Housing Preservation and Development). That's nearly 2 violations per apartment unit (or 115 violations per building).
(here's my source for these numbers: http://therealestate.observer.com/2007/02/schumer-to-new-starrett-owners-keep-it-affordable-or-else.html)
Food for thought. What do people think about this?
It's funny that you're bringing this to my attention because I was just reading the same article about 10 min ago and debateing on whether I thought it was important enough. I don't really care much for what they end up doing Starret City. I understand it's big news these days but I'm not sure that it makes much of a difference to Belltel. I'm only really concerned with our DOB violations. With that being said, a lot of the violations that builders and developers have are small and can be addressed pretty quickly. Now, major violations that could halt work on a project are most definetly a concern of mine.
Ultimately, I feel one project has nothing to do with the other.
I'll create a seperate post to continue this thread.
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