the1wags wrote:I'm not going to go into details, but its a very bad situation for me and the other remaining owners. My best case scenario at this point is a short sale. Very worse case I might have to declare bankruptcy. Keep in mind that I'm behind zero payments on anything. While it might be good the building is going to get finished, the remaining owners are getting bent over a barrel. Anybody have a time machine handy?
20 Residents going in to bankruptcy at no fault of their own sounds like a Mike McKnight investigation...
If I were in your shoes I'd get as many of those owners as possible organized and get the publicity out on the new "landlord". It sounds like they are completely within their rights to do what they are doing, but that doesn't make it not a d!ck move.
Make sure their potential future tenants know just what they will be dealing with. Get on here. Get on Facebook. Get on Twitter. Make sure any Google search for the building and management group brings up the story somehow.
Sorry about that situation, Josh. I definitely hope for a good outcome for you.
That is sad about the sign.
"The right to have access to every building in the city by private motorcar in an age when everyone possesses such a vehicle is actually the right to destroy the city."
Lewis Mumford, The Highway and the City, 1963
ketv.com wrote:They mentioned security concerns, feces and trash all over the halls, frequently broken elevators, bed bugs, holes in the wall, broken down doors, heating issues, mold and roaches.
KETV: Hey owner, what do you have to say about this
OWNER: You're on private property, leave now
The City View building and the shorter one next door always reminded me of something you might see in an older east coast city or Chicago. A unusual style of architecture for Omaha. I’ve been to the top of the shorter building for work it has excellent views as well. Too bad about the awful condition it’s in.
Last edited by Cermak on Tue Jan 14, 2025 9:16 am, edited 1 time in total.
ketv.com wrote:They mentioned security concerns, feces and trash all over the halls, frequently broken elevators, bed bugs, holes in the wall, broken down doors, heating issues, mold and roaches.
KETV: Hey owner, what do you have to say about this
OWNER: You're on private property, leave now
Yikes. File this under "the more things change, the more things stay the same". The Rorick was a place I was told to stay away from in the 90's when I first started driving. That whole stretch of St. Mary's to Leavenworth was not a great area. I had a friend that bought into the City View around 2009 or 2010 when it was first marketed as condos. He was "all in" on it for its affordability and the way it was renovated. I told him flat out, terrible idea and sell this asap. and, within a few years, it went back to apartments because no one was buying the condos. Sounds like it's been absolutely trashed again.
Actually I lived in City View from 2011 to 2014, back then was managed by Lund and, to be honest, it was fine. It looked better that other apartments downtown like The Union or The Kensington Tower.
Management took care of things, from time to time you could see a cockroach, but they sprayed quite regularly. The anti-pest guys told us that, because the way City View was done, it was no way to get rid completely of cockroaches. The cleaning guy, Fulgencio, was amazing, and all common areas were clean.
ketv.com wrote:The Douglas County District Court has placed City View Apartments under receivership.
Receivership is a legal process that gives control of a borrowed property to a neutral third party.
According to court documents, the owner of the complex owes the bank thousands of dollars. Merchants Bank of Indiana, which loaned City View $16.5 million in 2022, alleges that the last required payment was made on April 10, 2024. Since then, no further payments have been made.
ketv.com wrote:But just last week, the elevators broke down again.
“Somebody hit the sprinkler system that set it off and flooded both elevators,”
Owned by Tzadik City View LLC which is a subsidiary of Tzadik Properties, LLC. Looks like they have had massive issues with apartments in Sioux Falls, and were successfully sued for withholding pay to a founder of the company
Drew Krinsky, affordable housing developer with Smith & Henzy Affordable Group that will renovate the former City View apartments, said affordable housing can be a tool for broader community investment, including preserving housing for other residents, bringing more investments to communities and creating jobs.