In the News: Trump Soho

••• “Beleaguered developer Yair Levy’s failed Battery Park City condo conversion, Rector Square, was auctioned off in a bulk sale at a deep discount Wednesday afternoon at the New York Supreme Court in lower Manhattan. The project’s largest lender Anglo Irish Bank, which foreclosed on the 304-unit Rector Square earlier this year bought the property back with an opening—and sole—bid of a mere $82.7 million. The bank was owed roughly $135 million on the project.” (Crain’s)

••• “It looks like the developers of the Trump Soho are more than a little worried about that lawsuit filed by buyers looking to get their deposits back. According to the Wall Street Journal, the building’s owners are offering buyers who have yet to close on their units half their money back if they agree not to join the lawsuit, which alleges that the Trump Soho fraudulently talked up its sales figures to entice more buyers.” (Curbed)

••• Crain’s has a short video Q&A with Suzen O’Rourke of Cooking by the Book.

••• “The Department of Education is considering a charter school for the Tweed Courthouse space in 2011, but the Youth and Education Committee of Community Board 1 wants the space maintained as a non-charter public downtown school, either as an incubator or a new standalone school.  The committee will take its resolution to the full CB1 meeting next week.” (Broadsheet Daily)

••• Mini sailboats in North Cove Marina: “There will be two sessions every Saturday and Sunday, from now until whenever the marina ices over for the winter. The first session from one to two p.m. will be for beginners and practice sailing. The second will be a race series, complete with score keeping and the results posted online. The cost is $5 rental per hour, to help cover the cost of the batteries.” (Broadsheet Daily)


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