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Posts Tagged "rent stabilized"

New York Magazine: Clash of the Utopias

At one of the meetings, in December 2006, Adam Rose, the co-president of Rose Associates who was managing Stuy Town’s operations at the time, set off alarms among the group when he told them it would be realistic to recover just 8 percent of the rent-stabilized apartments in the first year, which was almost double the historical average. The business…read more →