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And Then There Were Four: More Possible Starrett City Bidders

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The number of possible new bidders for Brooklyn's huge Starrett City complex is now up to four. Even though the 5,800 unit development--which was the subject of a failed purchase attempt last year--isn't officially up for sale, Crain's reports that the National Housing Partnership Foundation and the New York Housing Partnership "have both expressed interest" in the development. A coalition of labor, religious and community groups as well as the National Development Council, which is a Manhattan-based nonprofit, have been previously noted as potential bidders. Absent so far are any potential private buyers for the 46-building complex. It remains to be seen which of the interested groups turn into actual bidder, whenever the complex is actually put back up for sale. Last year's failed bid by Clipper Equities was $1.3 billion.
· List of Starrett City bidders grows to four [Crain's]
· New Starrett City Action: Community Group Bids First [Curbed]
· Lay Off My Lama: Starrett City Puts on Their Rally Caps [Curbed]