Soon after taking over as managing agent on the 42-building 420-apartment West Village Houses complex in lower Manhattan, Lawrence Properties had to cope with the devastating effects of superstorm Sandy, which knocked out power and flooded the basement and ground-floor apartments, leaving 33 families homeless. "Almost 10 percent of our apartments have been destroyed by the storm," says co-op board president Jim Bozart. "There's been extreme dislocation, lots of suffering, most of the people are not back in those units. They've been gutted."
How did the management company and the board work together in the wake of this disaster? And what can your own co-op or condo board learn from it? Bozart and Lawrence Managing Director Anton Cirulli spoke with Habitat editorial director Tom Soter about their experiences.
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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.