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The Blackstone Group, owner of Stuyvesant Town-Peter Cooper Village, Manhattan’s largest apartment complex, is halting apartment renovations and other planned work at Stuy Town and Peter Cooper Village in response to the changes to the state’s rent-regulation laws passed by Albany legislators in June. The changes to the rent law include limits to rent increases owners can charge tenants to cover the costs of renovations and repairs. Blackstone purchased Stuyvesant Town and Peter Cooper Village for $5.5 billion in 2015.
