Tuesday, January 31, 2012

Folly or Vision?

A reader alerted Gossips to the fact that there is listing on the Coldwell Banker Prime Properties site for 221-228 Tanners Lane. Asking price: $4 million. This parcel of vacant land, at the end of Tanners Lane, belongs to Heinrich von Ritter, who has for many years been in a legal dispute with the City of Hudson over the property, blaming the City for the flooding that regularly occurs there. During the legal process, the property has been appraised twice: once for $50,000; a second time for $145,000.

The listing describes the property in this way:
Unique property, Railroad Frontage, In the River revitalization Area. Appx. 1,800 feet from the Hudson River. Zoned Industrial/Commercial/Warehousing. Walk to Hudson Train Station, Hudson River, Riverfront Park, Boat Club, and State Boat Launch Site. Currently under review for rezoning to allow for High rise condo's. Unlimited possibilities. 

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