Our Tenants Association and Councilman Dan Garodnick have put a lot of energy into the concept of tenant ownership of Stuyvesant Town and Peter Cooper Village, voicing an assured observation that surely now, with the real estate market in a slump (sorry, the slump has passed in Manhattan already) and a heavy debt leaning on the property, CW Capital, the company that represents the senior lenders in the first sale of this property, will want to eagerly jump on the opportunity being offered by the partnership of the Tenants Association and Brookfield for a tenant/Brookfield buyout of ST/PCV.
CW Capital, meanwhile, has remained impassive toward these approaches and is forging ahead on a master plan. Take a look at what's happening around here to get a clue as to what this plan may be.
Along 1st Ave., store fronts are getting a do-over:
There's significant grounds work being done at this moment in the south-western part of Stuy Town, surely foretelling what's going to happen elsewhere:
A push is being made to promote the complex's official social media (Facebook, Twitter, etc.), and present a sunny outlook of ST/PCV for all the world to see:
And the Oval Essentials/Amenities are getting "refreshed".....
Oddly, many of these changes are being made on relatively recent changes...like when this property was being prepped for the auction block by MetLife. So this is Stuy Town/PCV Redo, Part 2. And if you think that CW Capital is putting all this money and effort into the property so that it can hand it over on a silver platter to the TA/Brookfield, I got all the bridges in New York to sell to you.
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