It is not an uncommon sight in Brooklyn to see a new luxury condominium building empty, except for the security guard. There are currently hundreds on the market that remain vacant.
Then there are hundreds more being built.
"A recent study shows 5,200 luxury apartments are set to hit the market by 2010," explained David Amsden, contributing editor for New York Magazine. "So what's going to happen to those apartments is a big question on a lot of people's minds right now."
The question is especially nagging for developers who started constructing high-end condominium buildings when the real estate market was at its height. Then the economy slowed down, financing fell through, construction loans disappeared.
Some projects cannot be completed. Many that are done cannot get the buyers.
Meanwhile, Miss Heather is having "Fun with Bloomblight."