Bankruptcy Forces Sale of Viridian
The Viridian, Magic Johnson’s foray into condo development in Greenpoint, has hit a wall. After hitting the market in September of last year, the 130-unit project went rental in December. Now, reports Curbed, the developer has declared bankruptcy and the entire building is on the chopping block for $65 million, or an average of $500,000 per apartment. Marcus & Millichap has the listing. GMAP
Feb 06, 2012 | 12:32 PM