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]