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  1. “Again, you might want to check that binary syntax error. Something about your postings do not compute.”

    No Asshat your business sense has a binary syntax error. Something about your Broken Ass Angel does not compute.

    “I’d love to show you a pro-forma for the project, but I can’t. Even at this point with 20 months of involvement in this project, I believe strongly it will be a success.”

    Here let me help you: I’d love to show you a pro-forma for the project, but I can’t because I’m Jacked up.. I believe strongly it will be a failure. There now, much better.

    Hey Asshat you see a “binary syntax error” there?

    Oh yeah I forgot

    Shahn Andersen=FAIL

    Broken Angel=FAIL

    The What (Never FAIL)

    Someday this war is gonna end…

  2. To summarize today’s news:

    *Condo developments are unsalable and defaulting, like coops in the 1930s and late 1980s.

    *Huge number of foreclosures going through the system, evictions (of renters and owners) have started, more short sales in Queens, Staten Island, and Brooklyn coming down the pipe. Will the foreclosures remain boarded up for a decade?

    *Bronx, Manhattan, prime Brooklyn remain strong.

    *Taxes going up, inessential services cut back.

  3. FSRQ, you said there was no “quiet period” to prevent me from discussing the project in detail. I showed you the rules about variance applications and hoped it would suffice. If you can’t put two and two together, I won’t spell it out for you.

    It is not infinitely complicated, it is complicated. If it were infinitely complicated no projects would get built at all. I don’t think most developers are particularly concerned about keeping prices low, only with keeping them fair and at the same level as the market. A good design is no more or less expensive than a plain vanilla one, but many developers are afraid to build anything that doesn’t look like every building out there.

    I stand by my opinion that many developers have tried to squeeze every penny out of every project at the expense of aesthetics, when they could have made more money if they had made bolder design choices. I think there are a number of buildings in Brooklyn that would have sold better had they been more architecturally significant. I’m not sure that this opinion make me arrogant, but you’re entitled to feel that way.

    The DOB went far above what was necessary to make Broken Angel safe, and after years of dealing with them on other projects where they were more fair and balanced, it has been hard to not feel there has been some vendetta in their actions.

    I’d love to show you a pro-forma for the project, but I can’t. Even at this point with 20 months of involvement in this project, I believe strongly it will be a success.

  4. I’m not surprised at all that you have no idea what constitutes failure Real What Person, particularly when it relates to real estate.

    Again, you might want to check that binary syntax error. Something about your postings do not compute.

  5. Shahn – no one asked you to comment about your variance – nor does the BSA rules (including the ones you posted) preclude you from discussing the status of the project (or the variance itself for that matter).

    As to what I am talking about is that despite your insistence to the contrary – developing projects in NYC is infinitely complicated and extremly risky with a large potential for downside – and while including a good architectural design can be profitable, it is not necessarily so, nor is it necessarily consistent with keeping sales prices low.

    But the issue is that you posted countless and arrogantly on all your experience and how developers (with the help of the city and buyers) were essentially a bunch of slime out to make a few extra pennies when according to you – beautiful architecture, community elements (and other feel good stuff) were so easily added (or preserved). Then you spent months proclaiming how crazy the DOB was for giving the owner of Broken Angel a hard time for having a death trap on top of his building.

    So here we are 2 years and a bursted bubble later and you don’t even have a variance yet. Therefore under virtually any scenario (excpet maybe another 100% bubble RE reforming) you can NOT make money on this project (how much have you lost already by simply tying up your $, RE taxes, etc…?) – and yet you say NOTHING has happened to change your mind about development – are you related George W. Bush?

  6. “I’ll admit failure only when there is one.”

    Here Shahn let me help you. You are 2 years and hundreds of thousands in the hole and guess what? The Market has crashed! If this is not failure then I don’t know what is..

    Oh yeah I forgot

    Shahn Andersen=FAIL

    Broken Angel=FAIL

    The What (Never FAIL)

    Someday this war is gonna end…

  7. If you’d like to understand why I can’t go into specific detail about our variance request with the Board of Standards and appeals, you can feel free to read about their rules at the following location:

    http://www.nyc.gov/html/bsa/downloads/pdf/zoning_resolution/72_21.pdf

    I’ll admit failure only when there is one. The Broken Angel was never contextual and never intended to be, so I’m not sure what you are talking about FSRQ. I’ve experienced nothing that would change my mind that most of the developments in our area could have been architecturally significant with no impact to the bottom line, and perhaps even greater profit to the developer.

    Real What Person, I think you may have a binary syntax error on your postings.

  8. “Is that even the real What?”

    Yep, it’s little ole me.

    “Whoever you are, you obviously have no idea how things work with the Board of Standards and Appeals.”

    Neither do you.

    “But it’s ok, if you are The What, we expect you to blather about things you have no real understanding of.”

    I have no understanding of failure. You was real smug there Shahna, oops Shahn. Look Homeboy I think you better pull the rip cord now before you go splat!

    Oh yeah I forgot

    Shahn Andersen=FAIL

    Broken Angel=FAIL

    The What (Never FAIL)

    Someday this war is gonna end…

  9. “Somebody took something from us that was ours, something that is from our own history,” said Emerick, who is offering a $500 reward for the return of the cornerstone.

    Ironic statement coming from the man that sold the property and ‘took something from the community that was theirs, something that is from their history’

    He’s now going to start getting weepy and sentimental…Please.
    I hope I never see him again for fear I might give him a worse verbal lashing than the last one. He is a truly unscruplous human.

    BTW – I had nothting to do with the theft.