In 2011, with the condominium market booming, Greg Altshuler’s Colonnade Group scooped up 403 Greenwich Street with plans to redevelop the former warehouse into high-end condos. But by the summer of 2017, when the building was complete, the luxury sector was teetering toward a slowdown. In October of that year, Residence A — a three-bedroom pad asking $3.8 million — hit the market. It sat there for the next 235 days. Then in May, a […]
source https://therealdeal.com/2018/08/16/rename-and-relaunch-heres-how-brokers-hide-stale-listings-and-price-cuts/
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