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Rent-to-Own Success at Oro; East Harlem Ready to Incubate

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DOWNTOWN BROOKLYN?As mortgages became more difficult to acquire than a new liver, one strategy that condo buildings tried was the rent-to-own option. We always wondered if anyone took the bait, and at Downtown Brooklyn's Oro, which began offering the rent-to-own incentive one year ago, 20 people did. According to reps, four rent-to-owners have recently purchased their apartments, and three more have scheduled closings. The remaining apartments in the 40-story former ghost tower are priced from $365,000 to $1,195,000. [CurbedWire Inbox]

EAST HARLEM?Some cool news from under the Metro North tracks in East Harlem, where La Marqueta, which city officials are hoping to kick-start into a neighborhood gamechanger, just got a new tenant. A newly renovated 3,000-square-foot "kitchen incubator" operated by Hot Bread Kitchen is now open. The underutilized market space now provides "shared workspace and technical assistance for small, artisanal and ethnic food businesses making the transition from working in home kitchens to using fully-equipped, professional facilities." In other words, La Marqueta wants to give a start to those who will put some yum in our tum. [CurbedWire Inbox]