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Article: Met Life is denied MCI rent increase. (major capital improvement increase for Stuyvesant Town and Peter Cooper Village)
- Article from:
- Real Estate Weekly
- Article date:
- November 9, 1994
- Author:
CopyrightCOPYRIGHT 1994 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Met Life stands to lose $4 million in retroactive major capital improvement (MCI) rent increases at Stuyvesant Town and Peter Cooper Village because some windows installed in tenant apartments imploded after installation last winter.
MCI increases are retroactive to the date of application that is supposed to be made after the project is completed in a workmanlike manner. Assemblyman Steven Sanders, a Peter Cooper resident and a former Stuyvesant Town tenant association president, argued the work was not fully complete on the date of application because nearly 2,500 windows had to be replaced and all the windows needed retrofitting after the application date.
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Article: Tishman Speyer wins! Stuyvesant Town, Peter Cooper ...
Real Estate Weekly;
October 18, 2006 ;
700+ words
...Stuyvesant Town and Peter Cooper Village have been sold by the Metropolitan ... single residential property. "Peter Cooper Village and Stuyvesant Town is an ... potential. Both Stuyvesant Town and Peter Cooper Village, developed by MetLife in ...
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