I suppose it was inevitable

With all the development being reported in the neighborhood, it was probably just a matter of time.

Today the New York Times, Daily News and LoopNet are all reporting our beloved ClockTower has been sold for $98 million dollars.

That’s about $1 million per loft, or as little as $50,000+/- per loft if Charlies has a market cap valuation of $93 million dollars.

Either way, this is the end of an era.

Stand by for exploding rents, management harassment and eventually, Marshal dispossess evictions.

http://clocktowertenants.com/2014/12/the-good-things-never-change.html

Good times. :-)