A New York State Supreme Court judge late last month ordered the
appointment of veteran corporate attorney Stuart Shorenstein to take
over as receiver of 34 Leonard, the troubled luxury co-op development
in Tribeca. Shorenstein, who recently joined the corporate law division at Cozen
O’Connor, was ordered Aug. 27 to collect rents and complete
construction of the property and named Cooper Square Realty as managing
agent at the building. The order also named E.W. Howell, as general
contractor of the project. “The goal is to complete the [construction of] the building,” Shorenstein told The Real Deal,
when asked about the fate of the project. “The second step is to
complete the foreclosure action. Once that is done, we’ll be in a
position to decide how to proceed.” [more]