New York's Cooperative and Condominium Community
The battle continues over Staten Island borough president James Oddo’s decision to name the streets of a controversial new condo development after those timeless New York real estate staples: greed, trickery, and money lust.
The lawyer for the Savo Brothers, who are turning the 15-acre former Jesuit retreat at Mount Manresa into a 250-unit condo development, has filed an appeal of a judge’s decision to uphold Oddo’s authority to name of the streets in the development Cupidity Lane (strong desire for wealth), Fourberie Lane (trickery or deceit), and Avidity Place (greed), DNAinfo reports.
The conversion of the 104-year-old retreat into condominium townhouses has been dogged by protests and controversy – over the felling of 400-year-old trees; over construction crews who lied about not finding asbestos during the demolition; and over a payment by the developer of $65,000 to former borough president James Molinaro’s lobbying firm.
No word yet from the broker community if streets named Cupidity Lane, Fourberie Lane and Avidity Place will hamper sales or actually enhance values due to their bracing candor.
Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Got elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!