A 6.4-acre swath of prime midtown Manhattan ground bordering the East River has sat bare to the elements for six years, which has many wondering, given real estate’s turnaround, why it’s still fallow.

The answer, the New York Times reports, has to do with an eccentric and irascible longtime NYC developer who has sat on a $4 billion project for the site, approved by the city in 2008, and his complicated relationships with his son, partners, banks and, possibly, money.

Source: New York Times

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here ×