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New York

Trump Soho gets the green light

After a series of delays, the attorney general has given the go-ahead to Trump Soho, allowing the developers to proceed with closing deals, the developers of the condominium-hotel told The Real Deal.

“The offering plan for Trump Soho has just been declared effective,” said Jay Neveloff, a partner at Kramer Levin Naftalis & Frankel, and the attorney for the sponsors, the Sapir Organization, Bayrock Group and an affiliate of the Trump Organization. “Closings can now commence.”

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The 391-unit, 46-story building at 246 Spring Street has faced a series of troubles since breaking ground in 2007.
Closings were supposed to begin by mid-April, The Real Deal reported in March.

Trump Soho is first downtown property in the Trump Hotel Collection, the Trump Organization’s line of luxury and boutique hotels.

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BayrockBayrock GroupJay NeveloffKramer Levin Naftalis And FrankelSapir OrganizationTrump Organization