Good. The lone homeowner against it was another huge developer who was just sabotaging the deal. The existing homeowners will get a huge chunk of change when whatever next plan comes to fruition.

How much you wanna bet that "school that may be part of the development" never happens

That asshole Ayal Shuster wasting our tax dollars w litigation bc he couldn’t get his way. Fuck him and his overpriced buildings with shady management.

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LUXURY DOMAIN

Interesting to hear that cinderblock walls and undersized lots, which probably describe 85% of the houses in Hudson county, are signs of urban blight. I guess the expectation is that everyone should buy brownstones with their trust fund money.

Iirc the people who live there were actually down with the buyout deal so will be glad to have it go through.

It was awhile ago though so (anyone) correct me if I’m wrong here,

You are correct. My understanding is that this development was poorly built in the first place, so the current owners would be facing big repair / reconstruction bills if they wanted to stay & keep things as-is. It's a big win for them.

They were going to get a huge chunk of change that they all voted to receive plus downtown was set to receive a free school. But yea. Thank you Shuster.

It’ll likely happen. The developer will get a pretty decent variance or monetary incentive for providing the school and park.

He wasn’t even a homeowner. He was a property speculator.

LUxURY still priced out of Hudson County and living in Mom’s basement despite years of trolling. 😂

Shuster actually did buy a house there. I looked him up in the county’s online property tax records when this debacle started and saw that he had bought a house there pretty recently.

But I really doubt he ever lived there. He and wife have owned a massive, ultra luxurious house in Paulus Hook for a number of years.

He most likely bought the Saddlewood Court house as a legal bargaining chip he could use in his attempt to thwart a competing developer’s redevelopment plans.

A few years back, Shuster himself was in the process of buying out homeowners so he could redevelop the site. Then Lennar came in and outmaneuvered him and managed to get the city to award the redevelopment deal to Lennar instead of Shuster.

This story helps explain Shuster’s motivations.

Exactly. He didn’t buy in to be a homeowner. He bought in to be a property speculator. Every other real homeowner there wanted this development to proceed.

Oh agreed. I just thought you were using the word “homeowner” in a different way.

Technically if he bought it he’s a homeowner. But it’s not like he lives there.

…?

Edit: I actually still have no idea what that comment meant.