|262 and 264 Sullivan, soon to bite the dust. More from DNAInfo|
Is this a bad thing? Depends on your perspective. Are you one of the incoming renters? Are you selling and retiring? Are you a neighbor? Are you someone who fears height and density? Are you someone who bemoans yet another lost opportunity to demand more affordable units from developers? Is this the sort of block that deserved protections, or is density better suited here than, oh let me just throw one out there at random...Empire Blvd? I'm just taking a piss of course, because we all know we'd be wrapping up a Planning Study around now if it hadn't been for...she who shall not be named. Seriously, she won't. Not gonna do it.
The other day someone was telling me that the worst of the development boom was over, because there just weren't that many more spots to build. Hilarious. Basically, anything is possible. For instance, one wouldn't think you could take a perfectly good building full of rent-stabilized apartments and go condo with them, during an affordability crisis and all...but guess what! You absolutely can. 35 Clarkson was about as affordable as you could get on my block...til the stabilized apartments started going for north of $350K two years ago (they've jumped in price since). The AG even signed off on this giant puppy up in uber-trendy Crown Heights:
|382-90 Eastern Parkway Goes Condo. Story here from Real Deal.|
They will disappear, if, and when...(all together now):
It becomes profitable to do so.