Pursuits
NYC High-Rise Homes Rebounding With Financing, Buyers
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Financing for condominium construction and purchases has become available in New York as the supply of new homes ebbs, according to developer Kenneth S. Horn, president of Alchemy Properties Inc.
“Product began to recede” after the 2008 financial crisis, Horn, whose closely held firm is developing condominiums on the top 40 floors of the Woolworth Building in lower Manhattan, said today on a panel at the Bloomberg Commercial Real Estate Conference in New York.