Despite troubles, One Madison Park gets high aesthetic marks

One Madison Park

While the One Madison Park condo development has faced numerous fiscal foibles in the last year, New York Times architecture critic Nicolai Ouroussoff has declared it a triumph. As The Real Deal reported earlier this month, the development’s creditors are aiming to force One Madison into bankruptcy over $12 million in unpaid loans. But financial troubles haven’t taken the luster off of the development, which Ouroussoff described as “a dazzling addition to [its] street.” Discount buyers at the building at 23 East 22nd Street, developed by Slazer Development, also faced legal hurdles, facing a lawsuit filed in May that included more than 80 defendants. [NYT]

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