ST-PCV Tenants Association comments on Guterman letter

The following is a letter from the ST-PCV Tenants Association, commenting on a letter developer Gerald Guterman sent to tenants earlier this month regarding the TA’s decision to team up with Brookfield on another attempt to bid on the complex.

Dear Neighbor:

This has been an exciting week for all of us as we begin to put together a bid to CW Capital to protect the long term stability and affordability of Stuyvesant Town and Peter Cooper Village. We feel confident that our partnership with Brookfield will give us the ability to deliver a plan that is both commercially viable and also satisfies our goals.

You may have received a letter recently from Guterman-Westwood Partners LLC describing an alternative partnership with tenants to bid for Stuyvesant Town and Peter Cooper Village. It is important that our community have the facts, and that is why I am sending this follow-up letter. Continue reading