Starrett Buyer Pool Down to One

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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.

Copyright Brown - Brownstoner
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