The New York Times

New Development Returns, Along With New Holdouts

By: Stefanos Chen
Published: 9/10/2021Source: The New York Times

Featuring Patrick Smith:

 New Development Returns, Along With New Holdouts

 
After a pandemic lull, colorful tenants and homeowners are once again tangling with developers over megaprojects.
 
The developers offered Joe Nastasi, a 73-year-old Sicilian mechanic, millions of dollars in cash, high-rise apartments, even to name their new luxury skyscraper after him — if only he would sell them his nondescript, three-story commercial building in Long Island City, Queens, which was key to building the project.
 
Mr. Nastasi, who has lived on the top floor of the squat bank building since the 1970s, was unimpressed: No deal.
 
 
Copyright © 2021 The New York Times Company. Reprinted with Permission. Stefanos Chen/The New York Times.
 
 
 

New Development Returns, Along With New Holdouts

After a pandemic lull, colorful tenants and homeowners are once again tangling with developers over megaprojects.

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