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25 Broad Streeters Kindly Shown the Door

When developer Swig Equities bought the Exchange building at 25 Broad Street in September, rental residents started panicking. Now we're hoping they at least dedicated some of that worry time to planning, because here's the contents of a letter sent to all tenants yesterday:

NOTICE TO OCCUPANT(S) PLEASE BE ADVISED, that the Owner/Landlord of 25 Broad Street has elected not to renew your lease, which is due to expire on or after February 28, 2006. It is requested that you contact [redacted] no less than twenty (20) days prior to the expiration date set in the lease for the above Unit and/or Storage Space to confirm your arrangements to vacate the Unit.

25 BROAD LLC
Owner and Landlord

Notes our distraught tipster: "Needless to say the days of the 'insider price' are long gone. Now the developers won't even sell you your own unit at market rate."
· Keeping Up with the Starckses on Broad St. [Curbed]
· Apartments Exchanged for Condos at 25 Broad Street? [Curbed]