The ghost-town building with the “55 W on it” downtown looks like it will finally see some life. Zom Residential Services announced this week that it will be leasing the condo units as apartments instead of selling them in a dried up market as condos. SNS, the bank that recently foreclosed on the building says that it will “temporarily” lease about 60-70% of the units until the market picks back up and analysis is done(on converting them back to condos). Read the rest of this entry »
