Harlem developer Uptown Partners, the firm behind the new development Fifth on the Park (right), has filed for bankruptcy, reports Crain's. But fear not, tender buyers at Fifth on the Park, all 98 of you (out of 160 units), all is well! "We had another debt due with severe consequences that we could not complete negotiation in time. Fifth on the Park is quite healthy," the developer explains. "It was a ghost town for the last four months of last year. But we had quite a few people in since then and expect things to pick up in March and April." Closings are set to begin in April, too. Gonna be a gooood month, friends. [Crain's]
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