Eight groups have submitted bids for Starrett City, all of them significantly lower than the ill-fated $1.3B bid made last year for the affordable complex that was resoundingly rejected last year. “The winner, in all likelihood, will be a nonprofit housing company, rather than the kind of private equity firms and large developers that have purchased block after block of apartment buildings for rapidly rising prices over the last seven years.”–NYT
Bklink: Eight Starrett City Bids
July 9th, 2008 · No Comments
Tags: Affordable Housing · Shortlink