It's a tough time to be a residential developer, as The Real Deal explores in a series of stories. Projects are taking longer to sell out, placing developers in a bind as lenders typically won't let them lower prices. And as units sit, developers find themselves with additional costs. Some developers are choosing to go with Plan B and switch from condos to rentals, but even that is far from a safe bet these days.
Read all about their woes...Developers falling into a Catch-22
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The Crap-O-Sphere ("Crappy")
Artwork by Jerry Rotondi
The official mascot of Queens Crap
The Crap-O-Sphere ("Crappy")
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Why your neighborhood is full of Queens Crap
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Willets Point United Against Eminent Domain Abuse
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Blog Archive
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2008
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July
(299)
- NYPD issues parade permit to Sons of the Revolution
- Queens pols and bikini babes
- From a White Tower to an Orange Hut
- Free comedy show tonight on Eliot Avenue
- Ridgewood Theatre price almost a bargain now
- WPIRA gains two more members; Helen approves of em...
- Beachside bungalow preservation
- Chauffeur can now afford his own driver
- City redefines "street greening"
- Police Arrest 22 Alleged Gang Members In Queens
- An Elmhurst eyesore no more
- City denies parade permit for American group
- Summer subways suck
- Queens street becomes fake park
- Building inspection a lucrative field
- Oakland Lake to get a facelift
- Project to trace our ancestry
- NY1 expands Queens coverage
- The mob in construction? No way!
- When beer was king in Queens
- Wheel-y bad theft
- Drunken homophobic idiots threaten reporter with p...
- Breezy Point chicks at the beach
- LPC will be in landmarking overdrive
- Gennaro promises you'll have more $ in your wallet
- Diplomats help out the vibrant diverse mosaic
- Another attempted sex assault in Queens
- Hotel Pennsylvania may be spared
- Rufus King Park gets controversial turf
- What not working looks like
- Jamaica Avenue renaissance?
- Subsidizing lawmaker lifestyles
- Billionaires for Bloomberg
- Hey MTA, audit's coming your way!
- The verdict is in: New bus shelters suck
- Our favorite open spaces in Queens
- 16 stories below ground
- A crap on the ranch - now complete
- How to make it in America in 2008
- Zoning change stops Brooklyn developer in his tracks
- Other 4 boroughs' pools are more cool
- What a view!
- Barricade situation at daycare center
- Bed-Stuy gentrification comes to a halt
- Bike accidents happen more often to immigrants
- Bay-side crap in the Bronx
- Ridgewood: Where front doors are overrated
- From green to gray
- Koreans pull out of Jamaica merchandise mart
- Dim bulbs at DOT
- Will John McCain save his parents' house?
- CB7 board member speaks out on Willets Point
- MTA paid clerks to 'work' in idle stations
- Firefighter saves man from Brooklyn firetrap
- West Nile virus found in Queens
- 17 hurt in Queens apartment explosion
- Because sex is always in fashion
- R.I.P. Skystreak 1964-2008
- Drinking on the job
- When Queens had a real paper
- Better service before the fare increase?!?
- Two new neighborhood history books
- All-cash apartment building sales
- NYC economy being drained by NJ & CT
- Whatever Damon wants, daddy gets
- One more look at congestion pricing
- Downtown Brooklyn rezoning done wrong
- Back-to-back crap
- Welcome to our sanctuary city
- NYC homeowners in the doghouse
- Air Train free not today, but tomorrow
- City To Spend $68M To Modernize Water Meters
- Weiner supports Brooklyn land grab and is a cheap ...
- Beginning of the end for NYS Pavilion?
- Addabbo loses points with Sikhs
- Back to the Beer Garden
- Huang house gets scalped!
- Former Buildings Inspector Gets 6 Months Behind Bars
- Daily News promotes illegal hotels
- Takin' it through the streets
- Bicyclists cause most of their own accidents
- Queens wins subway car saving contest
- MTA wants us to open our wallets wider
- And then there were two
- Mayor orders everything translated
- Some workers think LIC sucks, others love it
- Ad on the rear end
- Girl threatened at Woodhaven Blvd J station
- Scared in Sunnyside
- Beaches' bacteria problem
- Doorman in favor of 'smart meters'
- The naked trestle
- Brooklyn Art Groups To Spend Millions on Theater E...
- New controversial subway ads
- LPC has little interest in Broadway-Flushing
- Not long for this world: Astoria Presbyterian Church
- Comfort Inn update!
- Slavery still around in 2008 Queens
- Queens Crap remakes a modern musical
- Taking back the backyards
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July
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4 comments:
You "developers" were warned not to kill your own golden goose by over building in a market that already started showing signs of faltering 4 years ago.
Now you can eat your dead goose's rotten meat!
Enjoy the bitter taste of greed!
I think this market is finally going to slow things down.
If we had to wait for City Planning to downzone Queens, we would've dropped dead for all they care.
Maybe the Fed can bail them out.
NYC has an infinite demand from immigrants. The only question is, like Harlem of 100 years ago, how and when all this luxory housing will be thrown open to them.
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