At the annual meeting of the Seward Park Cooperative board on Tuesday, turnout was high for one of the most important votes the shareholders have ever taken: selling the 1,700-unit complex’s excess development rights to the Ascend Group, a developer planning two condominium towers nearby. About 1,300 apartment units participated, with 57 percent in favor, but that vote fell short of the two-thirds majority required by the co-op’s rules. The $54 million deal is now […]
source https://therealdeal.com/2018/06/14/seward-park-co-op-votes-down-54m-air-rights-sale-to-ascend-group/
No comments:
Post a Comment