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Turtle Bay Crane Collapse Building Gets Going Again

Things are suddenly heating up again at 303 East 51st Street, where construction stopped in March '08 after a massive crane collapse that killed seven and led to all sorts of indictments and reforms at the Buildings Department. The Real Deal reports that a partnership involving Trump Soho co-developer Tamir Sapir has picked up the note on the building for $40 million (a 30 percent discount, according to one of the investors). New development buyers, take note: the 150-apartment building should be finished within a year and a half.
· Sapir, others buy $40 million note at UES crane collapse building [Real Deal]
· 303 East 51st Street coverage [Curbed]