FiDi condo glut drags down sales at 125 Greenwich

It’s been a slow burn at 125 Greenwich Street, the Rafael Viñolay-designed tower in the Financial District.  The 272-unit tower has begun closing on its first residences, 11 years after the original development team — several of whom are no longer with the project — bought the site.  The announcement came on the heels of developers Bizzi & Partners, Bilgili Holdings and Fortress Investment Group declaring the project condo effective after the 42nd unit in the building signed a contract, inching past the 15 percent sold mark required by the offering plan filed with the attorney general’s office.  But the […]This article originally appeared on The Real Deal. Click here to read the full story.