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Article: Unfinished business
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- March 22, 2009
- Author:
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KATHLEEN LYNN, STAFF WRITER
The Record (Bergen County, NJ)
03-22-2009
Unfinished business -- Economy puts crimp in home construction
By KATHLEEN LYNN, STAFF WRITER
Date: 03-22-2009, Sunday
Section: REAL ESTATE
Edtion: All Editions
Peter and Denise Panayoti moved to a new condo in Clifton in August 2006, happy to leave behind the work of maintaining their nine-room house in Wallington. They watched as construction crews worked on other buildings in the 55-and-older luxury complex, called Royal Club at Winthrop Court.
But in a sign of the housing market's deep distress, developer Stratland Homes halted construction last summer, with only four of the planned nine buildings completed. Two buildings ...