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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.

Quality of life issues are not that important, however. Things like the carpet rule or outsider dogs. These "rules" tend to be ignored, on purpose it seems. So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.

"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.

Though money was always important, it is now more important than ever. Money rules many things, as you will find.

At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change, though the "selling" of this place is intense. Few of the "rules" will be enforced, as Management doesn't want to lose customers or potential customers. Where personal integrity is a hallmark of an excellent management style, this integrity is not seen in enforcing some of the rules.

About those "club cars" we see going this way and that way, and outside of Stuy Town or Peter Cooper Village:

https://dmv.ny.gov/registration/motorized-devices-cannot-be-registered-new-york

Sunday, March 8, 2009

Appellate Division Decision is Great News

Much has been made in the past few days about the decision by the Appellate Division of the State Supreme Court that Tishman Speyer, according to the NY Times, "wrongfully raised rents and deregulated thousands of apartments after receiving special tax breaks."

The NY Times continues: "The decision ... could ultimately cost the landlord, Tishman Speyer Properties, $200 million if it is required to repay residents of more than 3,000 apartments for improper rent increases over the past four years, said a lawyer for the tenants."

While various voices in the commentary section of the Lux Living blog raise concerns about a lessening of services and security should Tishman Speyer be forced to foreclose on this property, a point to remember is that a landlord must maintain basic services, so that whoever will be in charge has to provide legally mandated services and security to Stuyvesant Town and Peter Cooper Village. I also don't think it's a bad idea, should the complex start "falling apart," that tenants pick up the slack and spruce up their buildings and adjacent grounds. If tenants became stewards of their own turft, then perhaps we'd see these buildings shine as they are supposed to and residents become more responsible and interested in what goes on in ST and PCV. Certainly the current state of affairs, via services and security, is not that glowing. Energized tenants can do much better than the clowns at Tishman Speyer. And if we can't, then we are just as much the clowns as Tishman Speyer & Company and we deserve what we get.

But....

It's not over till the fat lady sings. It is still possible that Tishman Speyer will get a reversal on the appellate ruling.

Nevertheless, right now this is a very positive outcome for affordable housing in Manhattan. The tide just may be turning.

1 comment:

Anonymous said...

The idea that if TS is forced into bankruptcy, SOMEONE will come provide the services is just plain wrong. Regardless of whether or not such action is "legally mandated," there are hundreds if not thousands of examples all over the city, of buildings where the landlords are NOT providing those services. And I've never seen a strong inclination on the part of tenants here to "spruce up" their buildings.

No matter how much one dislikes TS, foreclosure will NOT be a good thing. People will YEARN for the days when they had an owner who had some resources. We'll be complaining about a hell of alot more than what the oval looks like.