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RIVER HOUSE
NEW YORK, NY
Fee managed for equity investor
SITUATION:
New 32-story, 280 unit "Green" condominum building in Battery Park City, NY. Closing process stalled, unit finishes not complete, lack of accounting reports and financial projections.
THE PLAN:
Develop new unit closing procedures; develop scope of work and plan to complete unit finishes and develop comprehensive cash flow projections.
RESULTS:
Eighty
units closed within three months, comprehensive punch list developed and quantified; new business plan established based on cash flow projections.
