Friday 27 December 2019

Millions to move out? No deal: NYC’s famous holdouts

Who doesn’t love an underdog story? In this case, developers. Often builders must buy several homes to make way for projects, and given what they can offer, the strategy generally works. But in rare cases, homeowners dig in, shifting the power and creating a standoff that even money can’t resolve. When developers build around holdouts, the surviving properties — known in China as “nail houses” — are something to behold: small homes wedged between skyscrapers,



source https://therealdeal.com/2019/12/27/millions-to-move-out-no-deal-nycs-famous-holdouts/

No comments:

Post a Comment