Mid-tier developer Ziel Feldman has pledged $200 million to rescue the city’s most troubled residential tower from bankruptcy and take full control of One Madison Park.
According to MarketWatch, Mr. Feldman will team up with the CIM Group (a rumor we’ve heard flying around for several weeks). The California-based fund is also developing the Drake Read More
In the real estate equivalent of Mariano Rivera parachuting into a tight ninth inning, Steve Ross has just made a play for troubled tower 1 Madison Park.
Mid-tier developer Ziel Feldman is just days away from presenting his rescue plan for the beautiful though far-from-perfect condo. But now The Wall Street Journal reports that Mr. Read More
A couple of weeks ago, The Observer peered at a single light burning at failed condo project One Madison Park and speculated that it must be quite lonely at the top. Today The Journal reports that it’s a veritable frontier up there.
The dozen buyers (nine of whom The Observer has been told have moved in) Read More
On Monday night, the bright, rain-streaked MetLife clock had just struck midnight and the streets were still crowded with Flatiron revelers when The Observer stood gazing at One Madison Park. The 60-story obelisk rose darker than the sky, with only a single light burning on the 25th floor, until it too went out.
The clock Read More
