The article “Developers’ best-laid plans stymied by recession” in the February issue cited the wrong month for when foreclosure proceedings began against the developer of 25 Broad Street. The article should have noted foreclosure proceedings were initiated in January.
An earlier version of the article included Muss Development’s Sky View Parc project in Flushing, Queens with an inaccurate description of the project’s status. The article should have noted that a lender’s strike recently threatened to halt construction. A representative of the developer said construction has continued uninterrupted and Muss development is in discussion with lenders to avoid any stoppage.