Temple Court landmark may be restored

The Temple Court building, a nine-story city landmark at 5 Beekman Street, might soon be restored, despite foreclosure proceedings, the Wall Street Journal reported. Erected in 1881, the building is now owned by Chetrit Group and Bonjour Capital, which paid $61 million for it in 2008. A foreclosure action was filed against those owners in September, according to court records. But the documents show settlement talks were underway, and a deal may be signed within the next few days, sources told the Journal, setting the stage for the Chetrit-Bonjour venture to move forward with reconstruction plans. In the past, the owners have filed building plans to convert the 128,000-square-foot site into a hotel with more than 180 rooms. [WSJ]