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Owners of Bushwick’s most hated building cash in, put it up for sale

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This can be yours, if you’ve got 80 million dollars Hey, wanna feel kind of powerless just before the weekend starts? Of course you do! If you remember Bushwick’s Colony 1209 building, you might remember it as the apartment complex that literally presents itself as “homesteading” in a brand new neighborhood, which was one of many reasons people didn’t care for it. Well, it turns out your disapproval is meaningless, because the building which was bought for $58 million in April is now for sale with an asking price of $81.5 million. The Commercial Observer reports that despite widespread laughter when the building was introduced and this in-depth Awl piece about the many problematic issues with the building, the owners are fixing to sell it for 46% more than they bought it for back in April. It probably has something to do with the fact that despite the marketing trades in the language… Read More

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