Hunts Point market to relaunch legal fight after error

Merchants were at impasse with city over new 30-year lease, redevelopment

TRD New York /
Aug.August 16, 2013 08:30 AM

Merchants at the Hunts Point Terminal Produce Market will have to start fresh they want to bring suit against the city over the lease and redevelopment of the facility, after a procedure hiccup, Crain’s reported.

The Bronx market, represented by Sid Davidoff of Davidoff Hutcher & Cintron, did not follow proper procedures when it filed suit in April with the city, alleging that the city hired a dishonest security firm to investigate the merchants’ business practices, Davidoff told Crain’s. However, the merchants did not provide the city the required 30 days’ notice before filing a complaint, and the merchants withdrew the complaint. 

Now, the plaintiffs are planning to bring new action. The 41 merchants, who own the market as a co-op, had reached a stalemate in negotiations with the Economic Development Corp. regarding a new 30-year lease to redevelop the 113-acre site.

“We are essentially starting over with some new causes of action,” Davidoff told Crain’s.

“We cannot comment on the possibility of future litigation,” a spokesperson for the agency told the publication. “All we know is that they filed a lawsuit, we moved to dismiss and in response to our motion they discontinued their lawsuit.” [Crain’s]Mark Maurer


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
(iStock)

Movie theaters might not come back after all

Movie theaters might not come back after all
Tom Steyer (Getty)

Ex-candidate Tom Steyer lists SF home for $11M

Ex-candidate Tom Steyer lists SF home for $11M
The Arboretum rendering (Credit: BNP Paribas Real Estate via Bisnow)

Europe’s largest timber-frame spec office complex secures funding

Europe’s largest timber-frame spec office complex secures funding
Stripe CEO Patrick Collison (JD Lasica via Wikipedia; Unsplash)

Firms dangle big bucks to lure employees out of big cities

Firms dangle big bucks to lure employees out of big cities
Hong Kong Stock Exchange (Getty)

Chinese proptech firm Ming Yuan Cloud goes public

Chinese proptech firm Ming Yuan Cloud goes public
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...