Second Avenue at the corner of 73rd Street, the Beach Café on 70th Street and Second Avenue and Pyramida Grill on the corner of 73rd Street and Second AvenueAs Second Avenue Subway construction slogs on, more Upper East Side businesses are [more]
Posts Tagged ‘jonathan bing’
-
Second Avenue at the corner of 73rd Street, the Beach Café on 70th Street and Second Avenue and Pyramida Grill on the corner of 73rd Street and Second Avenue
-
City Council member Dan Garodnick (left) and state Assembly member Jonathan Bing (right), have held discussions with the developer over the financial condition of Manhattan House (far right).
New details about the financing behind the massive condominium conversion at the Manhattan House are raising questions among critics and some public officials about the long-term viability of the Upper East Side project. Documents filed with the state attorney general’s office show that in 2009, HSH Nordbank, which holds a $750 million loan on the building at 200 East 66th Street, established a special fund to help the developer, O’Connor Capital Partners, meet its monthly expenses at the property. “My concern about Manhattan House is that one day the sponsor says that they have no money and that basic repairs and maintenance cannot be maintained,” said City Council member Dan Garodnick, who, along with state Assembly member Jonathan Bing, has held discussions with the developer over the financial condition of the building. Developer O’Connor Capital Partners has insisted the conversion is in good shape, Garodnick said. [more]
