FiDi's #1 party palace hasn't had much to party about lately, with disappointing resales, the developer's mental deterioration, and?the icing on the cake?a friendly foreclosure. We've been waiting for new William Beaver House owner CIM Group to make its next move, and here it is. Not unexpectedly, the gold-flecked building is planning to chop prices and rent out units. The Journal reports that CIM Group has filed an amendment to the building offering plan proposing a total of $91.8 million in price cuts, or about 21.5 percent off the current ask of each of the 209 unsold units. While they sit on the sales market, those units would be rented out. The people happiest about this are probably the 10 Willy Beav buyers who were on the verge of a lawsuit to back out of their contracts. Nothing like a little more evidence!
· Developer Maps Price Cuts, Refunds [WSJ]
· William Beaver House coverage [Curbed]
Filed under:
New William Beaver House Overlords Plan Price Cuts, Rentals
The Latest
Filed under:
We Unearthed the 68 Best Rent Deals in NYC Right Now
A Brooklyn Heights one-bedroom with 15-foot ceilings, a grand prewar two-bedroom in Washington Heights, and more.
Landlords Lose Fight Against Rent Protections, Hotel Chelsea’s Latest Tenant Battle, and Other News
Here’s what’s going on around town this week.
Governor Cuomo’s ‘Moratorium’ on Evictions Won’t Really Stop Evictions
It’s "still full of loopholes," as one lawyer put it.
What You Need to Know Now About the Upper West Side Homeless-Shelters Saga
The latest: The de Blasio administration decided not to transfer residents of the Midtown Harmonia hotel.
The Best Apartments on the Market on the Upper West Side, According to an Upper West Sider
"Over the years, I’ve marveled at 3 Riverside Drive, mooned over Milton Glaser’s studio, and dreamed of Aaron Shikler’s windows."
City Hall Park Is Still Under Lockdown, the MTA Has a Man Cave, and Other News
Here’s what’s going on around town this week.
Loading comments...