A holdout delays US developer's high-rise dream
Sheldon Solow and tenant Metropolitan Fine Arts and Antiques to face off in state Supreme Court on Thursday
New York
FIRST came the scaffolding, another lattice-like structure blocking a sidewalk in front of a Manhattan building. And just in case the tenants in five buildings near 57th Street and Fifth Avenue did not get the message, demolition work started on a sixth, adjoining building.
After decades spent buying one small parcel after another across from his masterwork, the swooping office tower at 9 W 57th St, developer Sheldon Solow is finally ready to build.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%
Amsterdam parking space up for grabs for half-a-million euros