The question
Peter asks about the permitting process for condo buildings needing restoration due to the 'Condo Cliff' and how owners should approach the situation.
The answer
Anne-Christine advises owners to consider entitlement and redevelopment potential. She suggests that fixing up a building for sale might not be the best strategy if redevelopment is a viable option, as the land value could be much higher.
Featuring Anne-Christine Carrie, MURP, AICP, in conversation with host Peter Zalewski on The Peter Zalewski Show.