Developer Kent Swig has been battling with buyers, renters, lenders, partners and contractors at his Sheffield57 condo conversion, but now The Real Deal reports one of those cases is closed. Nearly two-dozen market-rate renters have been fighting for two years to be allowed to stay in the building (invoking the Martin Act, which protects tenants from losing their homes due to co-op and condo conversions), and Swig eventually agreed?albeit with huge rent increases. The Attorney General's office has granted a smaller 6% rent increase retroactive to the expiration of the leases. [Real Deal]
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