Condo Developers Live Their Own Building
By Anthony Longo 31 10 2006
Cool article on condo developers taken residences in their own masterpiece properties.
Some developers inhabit their own buildings rather famously. Donald J. Trump has even given his Fifth Avenue spread in the Trump Tower a cameo role in his television show, “The Apprentice.”
Others prefer to fly under the radar.
Either way, developers who choose to live where they build often get first choice, sometimes at a substantial discount. If they have partners, they might have to pay retail or forgo some part of their profit for the space, but chances are they will be able to customize to their heart’s content, without going through the difficulties the average buyer would encounter. Continued…
Source: NYTimes.
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