![]() Kahn sold the project, which eventually ended up in the hands of Rosenberg, a principal of Hallmark Homes, a Rockland County company with experience mainly in building detached, single-family homes. The bull market of the '80s had petered out, and Kahn, the original developer of Stony Brook, pulled the plug when the complex was 60 percent done. The first 94 units at Stony Brook were built in the late 1980s and early '90s, at the worst possible time in the local housing industry. It's a project that began two decades ago and seems to have been jinxed from the outset. The excruciating pace of progress is nothing new at Stony Brook. In return, Rosenberg pledged to finish work by Dec. ![]() "The only thing that seems to move them is the threat of someone going to the newspaper and talking about it," said Hal Kahn, whose real-estate firm has brokered sales at the complex.īelveduto didn't sign the "release agreement," which bars the purchaser from suing the builder for past delays or complaining to the town or the media. He and two other customers are believed to have signed gag orders in return for the builder's promise to complete the project. "I don't think he's gonna do it."īelveduto was referring to David Rosenberg, the Rockland County builder who has strung along Belveduto and other Stony Brook buyers since 2003.Ī second would-be buyer who spoke to the Times Herald-Record a year ago has since stopped returning calls. "I had some hope at one point, but my expectations aren't too high at this point," Belveduto said. NEWBURGH - It's been nearly five years since Mark Belveduto plunked down a $21,500 deposit on a town house at the Newburgh development called Stony Brook.īut all he has to show for it is a concrete foundation partially covered by subflooring that's been exposed to the elements since it was built last summer.
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