After months of clanging hammers, coughing cement trucks and shouting construction workers, Tulfan Terrace, a leafy dead-end lane in the Riverdale section of the Bronx, has been quiet since 2006. But it has not been a welcome quiet.
The noise emanated from a condo tower that swallows up the southern half of the cul-de-sac. But after the developers fell into financial trouble that year, work on the project stopped. What remains looks like the cast-off toy of a distracted giant: a 12-story skeleton with no exterior walls and a squat blue plywood fence encircling the rim.
And now, the remaining residents of Tulfan Terrace are trying to adjust to the sights, sounds and hassles of a real estate boom gone bust. For James Weeks, 56, that means picking up construction debris that blows into his lawn from the empty building. For Naomi Gans, 70, it means shooing away the raccoons that have moved into the lot across the street. And for Edward Bell, 63, it means gazing from his bay window at a ghostly hulk.
“They really ruined the neighborhood,” Mr. Bell said, rocking in his tartan-print easy chair.
An Abandoned Tower Sows Dismay in Riverdale
And this is just the beginning of the story. There was an indictment on federal charges of fraud, embezzlement and structuring financial deals to evade financial reporting requirements for the financier connected to this...