COMMENT OF THE DAY: BUYERS WILL BE COMING TO SCOOP UP YOUR ENTIRE CONDO COMPLEX “I don’t know how it went for Park Memorial, but with these Post Oak Townhomes only some number deemed the majority had to approve it, and the hearsay is that there was a lot of misery and gnashing of teeth by those who did not want to sell. I am surprised there was not more media chatter about the sale of this complex. To me, it seemed flat out REMARKABLE that you could get even half to agree in a complex of that size. A big story + a harbinger of the future for aging condos.” [Harold Mandell, commenting on The End of the Post Oak Park Townhomes] Illustration: Lulu
Park Memorial required a super majority of 75% to amend the by-laws to facilitate the vote. Even then, there were some very angry losers.