You can file the apparent death of the Starrett City sale under things you strongly suspected might happen. Yesterday, the Secretary of the Department of Housing and Urban Development sent a letter to buyer Clipper Equity strongly indicating the done deal was probably undone, partly because there was no plan for how the 46-building complex would remain “a viable community for New Yorkers of modest means.” Maybe it was the opposition and bad press that did it? Or could it have been a little bit of backwawsh from the Stuy Town and Peter Cooper Village sale? Formal announcement is this morning, followed by what an e-mail says will be "a celebration" by opponents. In any case, looks like the 14,000 tenants at Starrett City will be getting a new, new landlord.
· HUD Blocks Proposed Sale of Starrett City [NYT]
· Stick a fork in Starrett City deal [NYDN]
· Is Starrett City Sale an Undone Deal? [Curbed]