Major purchase of Joe Sitt’s property by the city of New York!
“You really are a heel…” According to the New York Post and many postings over at the Coney Island Message Board, it looks like developer Joe Sitt and Thor Equities were evicting tenants on their land just before Christmas…and they were doing it Sitt style. It seems that the boys at Thor have been going […]
The Coney Island land grab, buy back saga continues with the Bloomberg administration looking to purchase 10.5 acres of property in Coney Island…property that Thor Equities owns. Devloper Joe Sitt is said to be “ready to give up” on his plans to make his properties into gigantic casinos, malls, condos, and whatever else he had […]
A major blow to Thor Equities came today as the city of New York purchased a one acre piece of Deno’s Wonder Wheel Park for $11 million. Thor Equities had been “in contract” to buy the same piece of land for the aformentioned price, instead the city snatched it up before a deal went through. […]