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Wachovia Upper West Side: Co-op Equity
Back in July I wrote a post "Say NO to DRUGS" Store Chains when I discovered that on the block between west 87th and west 88th Street on the west side of Broadway a new Walgreens Drug store is coming.
I live between 86th and 87th on Broadway. I first discovered something going on when I went to have dinner at The Malaysia Grill a restaurant at my corner and found out they were closing going out of business. The next morning I went to the Korean Grocer that had been there for many years, the place was gutted and the family that owned the store was packing up.
In that post I wrote about Drugstore chains taking over Manhattan retail space. I wrote that the only competition the drug store chains have bidding on prime retail space is Banks. New banks have been opening up all over town as well. Many of these new banks that open pretty branches in Manhattan seem to want a presence in Manhattan just like the drug store chains.
However they are not all offering banking products that serve the Manhattan market. In fact many of these new banks advertise mortgages but when you ask about coops our primary form of housing they don't always have an answer ... more

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