The High Road: Flee if broker says, ‘I guarantee’

Scale model of Fordham University’s new law school and residence hall. (Fordham photo by Jon Roemer)

Several months ago, I took buyers of mine to an open house in a building in the low 60s overlooking Lincoln Center.  In the foreground was a superblock owned by Fordham university.

The university had proposed massive development of the block.  And by massive, I mean skyscrapers that would block the view west toward the Hudson River and beyond from the apartment under consideration along with hundreds of other units.  Community opposition was strong, vocal and, until then, successful in seeming to block the project.

“I guarantee you the building will never be constructed,” the broker said, or words to that effect.  Continue reading