A Chelsea condominium designed by world-renowned architect Jean Nouvel is facing blowback from residents over a whopping $8 million assessment — put in place, they say, to make up for shoddy workmanship. The New York Post is reporting that at least one resident of 100 11th Avenue has since put her unit on the market, and that one 65-year-old retiree has been socked with a $120,000 bill. Nouvel, for his part, has criticized developer Cape Advisors, which controls the board, saying in 2010 that the firm went "off course" because it wanted to "complete the building as inexpensively as possible."
March 18, 2012
...crazy co-op neighbors, real estate license violations are now available online and condos are cool in Queens. And for co-op boards and condo associations, we've news of new tax-reform bills in Albany and more.
Read all the latest co-op / condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.
A free digital resource for co-op/condo board directors. Published twice a month. Read now on all digital devices.