It's a New Year's miracle! After being unable to rent vacant apartments, Tishman Speyer will be making 100 apartments available on January 4th, at rent-stabilized prices. Apartments will be made available to "current rent stabilized residents of the community, with the remaining apartments being offered to all others on the waiting list," according to Curbed. This comes with Tishman's agreement to roll back rents for six months starting in the new year. The Court of Appeals ruled in October that Tishman Speyer, the development in charge of the Stuyvesant Town and Peter Cooper Village complexes, illegally raised rents of former rent-stabilized apartments while still receiving tax breaks from the city.
Rent Stability Returns to Stuy-Town!
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