Rose Associates is developing the project, which is scheduled to be completed in January 2000.
Rose Associates ultimately received private financing for the project, allowing all 400 units to be rented at market rates.
Rose Associates kicked in $2 million itself.
Rose Associates bought the vacant building for $21.5 million last May.
Rose Associates took over management three years ago.
His landlord, Rose Associates, let him out of his lease without penalty.
Home and City officials said the Rose Associates' offer was too late.
The owner of the plaza, Rose Associates, can cancel the market with a week's notice, he said.
Rose Associates has kept the management of all these buildings, even though they are now controlled by the residents.
Rose Associates, for example, continues to sell at nine of the rental buildings it converted to co-ops in the late 80's.
Rose Associates is developing the project, which is scheduled to be completed in January 2000.
Rose Associates ultimately received private financing for the project, allowing all 400 units to be rented at market rates.
Rose Associates kicked in $2 million itself.
Rose Associates bought the vacant building for $21.5 million last May.
Rose Associates took over management three years ago.
His landlord, Rose Associates, let him out of his lease without penalty.
Home and City officials said the Rose Associates' offer was too late.
The owner of the plaza, Rose Associates, can cancel the market with a week's notice, he said.
Rose Associates has kept the management of all these buildings, even though they are now controlled by the residents.
Rose Associates, for example, continues to sell at nine of the rental buildings it converted to co-ops in the late 80's.