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by Tyler Durden Friday, May 07, 2021 - 06:00 PM A high-end condominium glut in Brooklyn forced one developer to reconstruct its entire business model from condos to rentals for one of its new luxury highrises.  Avery Hall Investments announced Monday the commencement of leasing at One Boerum Place located at Brooklyn Heights and Boerum Hill. Bloomberg notes the building was never intended for rentals, but a glut of condos in the borough and citywide forced the developer to change paths.  Avi Fisher, a founding partner of Avery Hall, told Bloomberg that One Boerum Place was very much envisioned as a condo. At the time of construction, which began around 2016, the condo market in the borough was roaring, and all signs were pointing to continued growth, and in our company s history, this was the culmination of the condo pipeline we d amassed, he said. 

New yorkUnited statesBrooklyn heightsSavery hallBoerum hillAvi fisherShall investmentsOne boerum placeBoerum placeபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ப்ரூக்ளின் உயரங்கள்காவேரி மண்டபம்போரம் மலைஆவி மீனவர்மண்டபம் முதலீடுகள்