By Sabina Mollot
Richard Ravitch is looking to find an equity partner for has Waterside Plaza apartment complex on the East River.
City Council Member Keith Powers, whose constituency includes the 1,470-unit former Mitchell Lama complex, said ownership is in “early stage talks” with potential investors, including real estate industry giant Brookfield.
“We know in the short-term it’s to have equity,” said Powers, who made the comments after Bloomberg reported Ravitch was looking to sell Waterside Plaza for up to $600 million.
Powers told Town & Village he spoke with management of the complex after the Bloomberg report surfaced.