In the News: Ice Tea Heir Owes $5 Million in Taxes

••• “An heir to the AriZona iced tea fortune is one of New York’s biggest tax deadbeats—stiffing the state out of nearly $5 million while living large in a plush Tribeca condo [….] John Ferolito Jr. ranks No. 8 on the latest list of delinquent taxpayers compiled by the state Department of Taxation and Finance.” —New York Post

••• The full story about the city’s treatment of Authentic Pre-Owned. —Racked

••• Flashback: Marc Cenedella tweeted a link to a 1982 article on Tribeca architecture by Paul Goldberger for the New York Times, and you might find it interesting (not least of all for the kind words about the AT&T Long Lines behemoth).

••• Taking the place of the parking lot/garage at 56 Fulton will be a “23-story, 120-unit building will be called Exhibit. […] The building will have 80 percent market-rate and 20 percent inclusionary housing, with ‘all affordable units getting the same Stevali Italian kitchens […] The finishes are all the same.” —Commercial Observer (via Downtown Post NYC)