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Extell now owns north end of the East Village September 11, 2006

Posted by farshadf in NYC, Uncategorized.

Looks like the next neighborhood getting the development treatment will be up at the north end of the East Village– the Extell Corporation has bought up 17 buildings in a fifteen square block area between 10th and 14th Street. You may remember Extell from the building collapse they were involved with last year, their failed Atlantic Yards bid, or the giganormous luxury buildings they’re building on the Upper West Side. Though the company claims they’re not planning any demolition and redevelopment, neighborhood activists are getting worried:

“This type of acquisition, tenement housing, is a big departure from what Extell has done before,” said Steven Herrick, executive director of the Cooper Square Committee, which is helping tenants organize for a Sept. 19 community board hearing on Extell’s plans.”Luxury development is unacceptable in our community, which has historically been primarily the working poor,” he said.

We’re betting the first towers start going up in early 2007– companies as large as Extell aren’t in business to operate small tenement buildings.



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