tribeca space owners given ability to rescind contract by 9/27/2007

PLEASE READ BELOW!!!!!! Ongoing problems with Tribeca Space (i.e., inability to obtain a temporary certificte of occupancy) has forced the developer to offer everyone who has signed a purchase contract for a unit in the building THE RIGHT TO RESCIND YOUR CONTRACT. This only occured after the 25 Murray Street Purchasers' Rights Coalition (a group of disgruntled Tribeca Space purchasers) engaged an attorney to represent them before the New York State Attorney General - who then forced the developer to offer the right of rescission. THE RECISSION RIGHT IS ONLY GOOD THROUGH SEPTEMBER 21. Word has it that quite a few people are rescinding since more than a year has passed since closings were scheduled to begin and there's no end in sight for when closings will actually occur.