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10/23/09 While NYC Renters Rejoice, More Pain for Tishman and Co. [WSJ]
10/23/09 Tsk, tsk, Tishman [NY Post]
10/23/09 Why Jerry's $5.4B gamble failed [NY Post]
10/22/09 Stuyvesant Town Ruling Worries Tenants and Landlords Alike [NYT]
10/22/09 Court Deals Blow to Owners of Apartment Complex [NYT]
10/22/09 Tishman Rent Rise in Manhattan Voided by New York’s Top Court [Bloomberg]
10/22/09 Court Shakes Up New York Landlords [WSJ]
10/19/09 StuyTown Tenants Fear Inspections [WNYC]
10/15/09 Stuyvesant Town-Peter Cooper Village Tenants Association seeks second chance to buy building complex [NY Daily News]
10/15/09 Commercial Real Estate Watch: Stuyvesant Town Set To Implode [Business Insider]
10/15/09 An Apartment Complex Teeters [WSJ]
9/11/09 Stuy Town Down [NY Post]
9/10/09 Tishman Speyer's Stuyvesant Town Lost $3 Billion [Bloomberg]
9/10/09 Stuy Town Owners in Court Over Rent Boosts [NBC NY]
9/10/09 When a Real Estate Deal Goes Bad [NYT]
9/9/09 Tishman, BlackRock, Could Default on Stuy Town Loans [Real Deal]
9/9/09 ST / PCV on the Verge of Ruin [Gothamist]
9/9/09 Bloomberg's Rich Friends, and His Silence on Affordable Housing [The Awl]
9/1/09 Florida Lost $250 Millionon New York's Stuyvesant Apartments [Bloomberg]
8/31/09 Fitch: Stuy-Town Debt Reserve May Run Dry [Globe St]
8/25/09 Cash Crisis for America's Most Expensive Housing Complex [Multi Family Investor]
8/22/09 Stuy Town Cash Crisis [NY Post]
8/6/09 Welcome to Stuy Town U [NY Press]
7/21/09 Rape in Stuyvesant Town [NY Post]
7/15/09 Targets Elderly Men [The Villager]
7/14/09 East Side Attacker Of Elderly Re-Emerges [CBS News]
6/12/09 Police release video of suspect in muggin spree [NY Daily News]
6/4/09 I Really Don’t Think People Defecate in the Hallways of Stuyvesant Town [NY Magazine]
5/27/09 Now It's War [Curbed]
5/22/09 Group of Stabilized Tenants File $10M Suit [Curbed]
5/21/09 Landlords Could Soon be Responsible for Indoor Air Quality [Epoch Times]
4/7/09 Tishman Speyer Victory: Can Appeal Stuy Town Rent Ruling [Huffington Post]
5/18/09 Protections Sought For Foreclosed-Upon Renters [City Limits]
5/6/09 Stuy Town Woman Fondled by Teen [NY Post]
4/23/09 Gang Violence Leads to Mounted Partol in ST [Town & Village]
4/9/09 Perv Plea: Save My Stuy Apt [NY Post]
3/6/09 Stuy Town Owners Set Back on Rents [Metro]
3/6/09 Big Landlord Found to Have Wrongly Raised Rents [NYT]
3/6/09 Stuy Town Rent Win [NY Post]
3/5/09 NY court deals landlords huge setback [Crain's]
3/3/09 Study Questions Whether Cameras Cut Crime [NYT]
2/25/09 Stuyvesant Town Debt May Be Cut If Rent Law Changes [Bloomberg]
2/25/09 Fitch may downgrade New York City apartment CMBS [Reuters]
2/5/09 Proposed Rent Rules Stir an Owner Outcry [NYT]
2/1/09 Clash of the Utopias [NY Mag]
1/20/09 Illegal walls turn NYC apartments into firetraps [MSNBC]
1/14/09 Apartments Try to Stay Afloat [WSJ]
1/11/09 STUY TOWN OWNER SUED OVER 'EVICTION SPREE' [NY Post]
12/31/08 Tishman Close To Figuring Out If Stuy-Town Was Worth It [NY Observer]
12/16/08 A List a Landlord Doesn’t Want to Be On [NYT]
11/21/08 NYPD Daily Crime Blotter [NY Post]
11/13/08 Unclear why E Side water runs brown [NY Daily News]
11/13/08 Brown tap water plagues NYC residents for weeks [WCBSTV]
11/11/08 Will Tisnman Speyer Buckle [The Real Deal]
10/28/08 No gas for one week steams Stuy Town [NY Daily News]
10/26/08 Tishman Speyer up against residential rout [Crain's]
10/26/08 A Shift in Albany Could Avert Higher Rents [Gotham Gazette]
10/21/08 Heat's on Tishman [NY Post]
10/17/08 Stuy Town Fight Club [Curbed]
10/13/08 Managers facing ‘Survivor’ challenge [PI]
10/7/08 What the Other Half Thinks [City Limits]
9/29/08 Big Squeeze on Affordable Housing [NYP]
9/28/08 More City Apartments Facing Foreclosure [Crain's]
9/27/08 Stuy Town Blues [NYP]
9/17/08 Stuy Town a Money Loser for Tishman? [WNYC]
9/8/08 Out of Control [Barron's]
8/27/08 From a Doorman to Dorm Rooms [WSJ]
8/26/08 Fear of Defaults After a Flurry of Apartment House Sales [NYT]
8/3/08 Tishman's Stuy Buy Hurting [New York Post]
7/23/08 Revenues at Stuyvesant Town are Down [Gothamist]
7/23/08 Stuyvesant Town Revenues Have Fallen, Report Says [NYT]
7/15/08 Stuyvesant Town Renters Rally in Wake of WallGate [Curbed]
7/14/08 Stuy Town Wall Woes [New York Post]
7/5/08 A Very Stuyvesant Town Fourth of July [Gothamist]
7/2/08 Tishman Speyer Canceled Pressurized Wall [Curbed]
6/29/08 Life After Tenements [NYT]
6/22/08 Far From the Fairways, Unpopular Visitors [NYT]
5/27/08 Stuy Town Follies: Now It's War [Curbed]
5/27/08 Tenants Roiled by Challenges on Residency [NYT]
5/27/08 Renters Forced Out of Stuyvesant Town [NYT]
5/22/08 Preserving Stuyvesant Town [NY Sun]
5/8/08 Everybody's Sexy in Stuyvesant Town! [NYMAG]
3/5/08 Stuyvesant Town, Desperate for Renters? [Gothamist]
5/27/07 Tenants Blast Stuy Town 'Spying' [NYP]
5/27/07 Landlord probes tenants in fight over apartments [WABC]
10/21/07 Child Pornography Arrest Stirs Previous Allegation Against Therapist [NYT]
1/16/07 After Sale, Rent Increases Give Some Sticker Shock [NYT]
9/23/06 Complexes’ Seller Pushes Profits, as Critics Fear Higher Rents [NYT]
7/12/06 An Earlier Case of a Gas Explosion After a Broken Relationship [NYT]
7/6/06 A Surprise Lurks at Stuyvesant Town - Luxury Rentals [NY Sun]
11/5/03 Stuyvesant Town tenants wary of N.Y.U. influx [The Villager]
10/23/02 Sniper Hits a Teacher at Stuyvesant Town [NYT]
Recent Comments
- Satan's Own: Frederick Ecker must be twisting like a Texas tornado in read more
- Roundly Roger: answering Anonymous The T-S short term path to profitability has read more
- answering Anonymous: To Anonymous: The 'Plan" has always been apparent and transparent: read more
- Totally Fed Up: The quality of life in Stuyvesant Town has become like read more
- Speyer and Speyerer: The towers-in-a-park idea that had been championed by the Swiss-French read more
- Anonymous: The concept of the bottom line, aka greed, has sadly read more
- Justhe Fax: Here's an interesting note from their archives. In 1933 during read more
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Here's an interesting note from their archives. In 1933 during the throes of the depression, homlessness was rampant and apartments sat empty.
__________________________________________________
"In March and April of 1933, the NYC Tenement House Department hired 800 emergency workers including unemployed architects, engineers, and real estate professionals. Over the course of two months, the team surveyed an astounding 128,344 Class A Multiple Dwelling Units.
What they found was shocking. Click on the link above or the picture below and what you’ll find is that vacancy rates were an incredible 14.4 percent—thousands of apartments literally sat empty. Meanwhile, the ranks of the homeless on New York City ’s streets continued to grow, unable to afford the rent for these vacant units.
This study, found in our archives, was the first to lay the groundwork for the Pack Law which was passed as an amendment to the Multiple Dwelling Law (§248) to permit the conversion of Class A Multiple Dwellings to SRO units in 1939."
_________________________________________________
So nobody could afford the apartments and the Pack Law allowed the creation of SRO's. SRO's where everyone has their own room, with the bathroom down the hall.
SOUND FAMILIAR ????
The concept of the bottom line, aka greed, has sadly replaced, undermined, and frankly trashed the words that Met Life Chairman Frederick Ecker stated so many years ago when he welcomed the returning veterans of WWII back to real homes. I am still a newcomer. I have lived here only for 30 years after marrying my husband who was one of the first boomer babies to call the Stuyvesant Town community home. When his family moved here, construction equipment still occupied the Oval, but my in-laws were very happy to have a real home in which to raise their family. We were lucky enough to get an apartment some 30 years ago when the list of those who wanted to live here was far longer than the list of vacant apartments. As a working mother, I chose to stay here rather than move to the suburbs so that I was only a cab ride away should my children need me during the day; it was an affordable place to live for a middle-class couple. I have a lot of memories, both good and bad, that I have collected living here over the years. One of my children died while we lived here. The other went to local schools and still lives with us after graduating from college, unable to afford to live solo in Manhattan.
I feel threatened every day that I am about to lose my real home of 30 years. I am terrified that my rent is very close to the $2,000 mark and that my governor who lives in a rent-stabilized apartment and my state legislative representatives have failed to index market rents against inflation since 1997. One day I received a letter from a Tish-Spy rep asking me if there’s anything I want to tell them about my primary residence, which has been right here since I moved in. Can a Golub notice be far behind? A few days later I read in the NY Post that our new landlords will be submetering the apartments so that we will now have to pay for electricity use that is currently part of the rent payment. I have a feeling that the submetering will not be a direct connect to ConEd but rather to the landlord’s agent who will charge outrageous administrative fees similar to those who currently hold the rent security escrow deposits. I have a feeling that the electricity charges will not even be in time to save us from the rent reaching the 1997 $2000 level.
I don’t have a lot of faith in my elected representatives at any level of government to help me out of this situation. Mayor Mike the Clueless is totally out of touch with people in my circumstances; he talks the talk of affordable housing, but he is certainly not doing anything about it. Sadly, we will likely have four more years of arrogance.
Although I have always subscribed to the motto Illegitimi non carborundum [don’t let the bastards wear you down], I am beginning to feel the pressure. It’s not just the rent increases or the electricity charges, it’s the feeling that I am truly an endangered species. Tish-Spy wants me out of here. Who knows what they will do next. That may sound paranoid, but even paranoid people have real enemies. When they cut me, I bleed.
The towers-in-a-park idea that had been championed by the Swiss-French architect Le Corbusier have been replaced by Rob Speyers vision of towers-in-the-congo.
The quality of life in Stuyvesant Town has become like living in some sort of war zone. The drilling out on the 14th Street Loop starts at 7:30 am every day, six days a week; the dumpsters are emptied at 2:30 am almost every night/morning. Tishman Speyer has to be the landlord from hell; totally uncaring, unscrupulous, sadistic bastards. I don't know how they live with themselves. And they probably went to the synagogue on Yom Kippur to "atone" and show how good they are. They make me want to vomit.
To Anonymous: The 'Plan" has always been apparent and transparent: T-S wants to remove all rent stabilized tenants in ST by legal or illegal means, by bending, twisting or parsing the laws and regulations or by creating a hostile environment. Then, they will have 80 acres of prime East Side/waterfront real-estate to sell or develop as they please--the single largest Manhattan parcel in history. What was not part of the "Plan" is that most of us have no place else that we can go. Yes, if they cut us we bleed...we all bleed; and they will continue to cut us.
answering Anonymous
The T-S short term path to profitability has been to increase the number of market raters while cutting back on operating expenses. While TS may be lagging behind schedule with regards to market rate-conversions, they've been rather champion at cutting back services!
Frederick Ecker must be twisting like a Texas tornado in his grave! This is an atrocity on the grandest scale imagineable. I'm so surprised news cameras aren't parked both out in front of the building and/or Tish-Spey's offices. My heart bleeds for all who suffer in Sty-Town. When first I visited, it was an oasis in the midst of the hustle and bustle. Now it is an eyesore and a damn dirty disgrace is Tishman-Speyer. Hang in, people; they're going down the drain (probably one of their own!) Oh, wait; silly me - they don't work!!