Starrett Buyer Pool Down to One


When will it end? The current owners of Starrett City, the largest Federally subsidized housing complex in the country, have been trying to unload the 5,881-unit property for the last two years, so far to no avail. The Times reported this weekend that the pool of potential buyers has now been narrowed to one, a consortium including the Christian Cultural Center, the Cogsville Group, Clarett and the nonprofit Housing Partnership Development Corporation. Their bid? $700 million.

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