Updated 03/14/2009 09:55 AM
Tishman Speyer To Appeal Deregulation Case
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An appellate court suspended a prior decision Friday that ruled that the landlord of the city's biggest housing complex had illegally deregulated more than 3,000 Manhattan apartments.
Tishman Speyer requested a stay so it could appeal the case that ruled it had allegedly charged market-rate rents for apartments in Manhattan’s Stuyvesant Town and Peter Cooper Village while receiving property tax breaks for rent-controlled housing.
Stuyvesant Town was founded as an affordable housing community, but now roughly a third of the units are renting for about $3,000 per month.
"Years ago, we never would have thought this would happen or could happen," said Tenants Association President Al Doyle.
In the meantime, the housing complex's tenants are asking to block all evictions and rent increases based on income changes.
"I think there are a lot of tenants hanging on by a thread in Stuyvesant town," said tenant Tom Chillemi. "Tishman has done a good job at pushing families out and putting transients in."
"I'm one of the new tenants so I'm one of the ones Tishman Speyer were looking to bring in but obviously it would work to my benefit to re-regulate the apartment," said tenant Joe Tardos.
"They've been overcharged for a long time - many of them since 2001 - and this money is now going to be protected for them," said Manhattan Councilman Dan Garodnick.
NY1 reached out to Tishman Speyer, but did not get a response Friday.