Now that the
New York real estate market appears to be on the upswing, several parties are vying to finish a project that could reign over as the most desirable condo building in the broader area. Madison Square Park
Makes sense. After all, the physical building itself, in a prime location, architecturally interesting and offering incredible views, would be a really lovely place to live.
But it's been entangled--okay, strait-jacketed--in lawsuits and other serious complications for years.
The situation is still murky. However, as a broker with interested clients, I am anxiously awaiting a happy ending to this long, sad story.
Josh Barbanel of the Wall Street Journal explains it much better than I could. Here’s the link to his article on the subject: http://online.wsj.com/article/SB10001424052702303848104576385794105764576.html?mod=rss_newyork_real_estate
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