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Stuy Town Sweepstakes

The latest developer to throw his hat into the Stuyvesant Town ring is Gerald Guterman, who has formulated his own co-op conversion plan. Guterman wants to pounce before a foreclosure, but he needs CW Capital to prevail against hedge-funder Bill Ackman in the battle for Stuy Town's ownership. Confused yet? Well, here's the real story: Guterman's Condo Recovery LLC was co-founded with our own Jonathan Miller, which we think would make Curbed co-owners of Stuy Town. First order of business: Friday fountain parties! [Bloomberg]