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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. They tend to be ignored, despite "the rules." 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. Sorry.

Sunday, July 28, 2013

Ugly and Pathetic, Part 2

It really isn't working.  The "gardening" or "landscaping" at the Oval crescents looks sterile and institutional--and, because of the excess of mulch spread all over the ground, the crescents smell bad, too. People who used to sit nearby are having a hard time breathing.  A good number of plants have been harmed in transit or are dying.  No doubt we will see a continual turnover of plants in both crescents, as the maimed ones die away.  Even the rope fence didn't survive a day without coming to harm, whether malicious or not. (Since then, it has been fixed.)  Ugly and pathetic is right.  Thanks for ruining the Oval for us, CWCapital/CompassRock. You guys are a treasure.







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Hey, you complainers about the noise coming from Oval concerts and activities!  Can't you read?  Would we lie to you about the perks of Stuy Town?

Monday, July 22, 2013

Ugly and Pathetic

UPDATE ALERT:  More trees are being cut down in the Oval Lawn today....


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The garden crescent on the east side of the Oval is being filled with new plantings in a horrid design and look that defines the words "ugly" and "pathetic."  And for this we permanently lost trees and the lush natural arbor that was there before and the sense of living in an oasis in the middle of Manhattan???  Everyone I talk to about unnecessary transformation of the Oval greenery is upset and mortified.  This is a major, irretrievable mistake by CWCapital and its CompassRock subsidiary.  Triple shame on them.




Meanwhile, the Powers That Be put on another hugely successful Lady Maya event: televised baseball on Saturday afternoon.  Hundreds, no make that thousands, filled the Oval Lawn.


Okay, I think it's time to start calling Stuyvesant Town "Stuy Slum."  What do you think?....







Friday, July 12, 2013

Ladies and Gentlemen, Your Oval Tree and Plant Replacements Have Arrived!




UPDATE

They aced it.  Perfection.  Very Zen.  Perhaps a front row to be added, but not much else, I'd think.  Now, isn't this much better than the messy lush garden that was here before?


2nd UPDATE

Important to read:

http://town-village.com/2013/07/12/shade-trees-chopped-down-in-oval-management-says-some-trees-were-overgrown/

I knew it.  Replacing the former gardens in the "crescents" around the Oval will be low plants with a bunch of space in-between.  The photo above is probably what both crescents will look like, aside from the addition of flowering perennials and, I assume, cabbages for the winter.  You can kiss the lush gardens that surrounded the Oval--and that were a delight to many, giving people the feel of being in the country--goodbye. Probably forever.  Management also states that the trees cut down in the crescents were "overgrown."  What the hell does that mean?  None of the trees were problematic and they offered welcome shade to those sitting on benches nearby. Damn these people. They have destroyed one of the the few things that made this place unique, just so they can promote how the Oval has been upscaled in a sale.

3rd UPDATE

Stuy Town and PCV residents who wish to take in a lush garden, now that their own lush gardens have been destroyed, can head over to Tomkins Square Park, which now puts the Oval to shame.  (Photos taken a couple of months ago.)



Question: How is it that a financially strapped Parks Department can maintain Tomkins Square Park grounds-keeping with the above results when the geniuses behind the grounds-keeping here seem to be always struggling and killing off plants and trees, and planting and replanting?

Thursday, July 11, 2013

What's in it for CWCapital?

Don't forget, CWCapital actually wanted STPCV.  They bid on it.

We now know that CWCapital is getting paid over 600K per month to manage this place, but this near three-year-old article offers more light:

http://www.bloomberg.com/news/2010-10-01/stuyvesant-town-title-may-be-taken-over-by-cwcapital-at-foreclosure-sale.html

Transfer Taxes

CW would need to pay city and state transfer taxes of 3.025 percent of the bid price if it takes the title, according to Joshua Stein, principal of Joshua Stein PLLC, a New York-based independent commercial real estate law practice that isn’t involved in the case.

CW would also need to pay a second transfer tax when it eventually sells the property, Stein said. 

“Their position could be that we just want to acquire this damn thing,” Stein said of CWCapital. “Lets just buy it in, we’ll pay the transfer tax, and we’ll hope that the incremental value of holding and waiting will exceed the incremental cost of paying a second transfer tax.”

CW could avoid the double transfer taxes by negotiating a deal with a buyer ahead of the auction, and then selling the $3.67 billion mortgage to that acquirer moments before the foreclosure sale, Stein said. That buyer would still need to pay one transfer tax.

Tuesday, July 9, 2013

More Destruction of the Oval Park.....

Posted by Flavio on the TA Facebook page.  Update: Not the only tree being cut down.

Update #2 - July 10th: The video, which showed a worker cutting parts of a Oval tree, has been removed by the YouTube uploader. I wonder why?  There are also reports of other trees around Stuy Town and Peter Cooper being cut down.  Looks like I have a weekend tour of the complex, with a camera, ahead of me, weather permitting.

This CW crew seems to be worse than Tishman Speyer.  I'm sure none of us ever thought that could be possible!  At least Tishman Speyer planted (and over-planted) trees, these CW guys seem to be fixated on cutting them down.  Sure, something will go up or be planted in their place--one thinks/hopes--but trees that have been around longer than a few years are impossible to replace.  STPCV used to be known as "A Park Runs Through It" but now it's "A Wasteland Runs Through It."

Sunday, July 7, 2013

I Don't Understand....


I don't understand how Stuy Town's bikini beauties can be out in the middle of the Oval Lawn right now, in near 100 degree weather, under a scorching sun.  I can get dizzy just in the shade!   I guess a tan at all costs rulz or is awesome or something like that.