The Tribeca Trib has a status report on some of Downtown's biggest stalled/slow-moving developments?99 Church, 56 Leonard, 50 West, etc.?and not surprisingly the frozen credit markets get most of the blame. After defaulting on the land acquisition loan, a developer of Tribeca's Five Franklin Place says the bank has received zero interest in the property, on the market for $19 million. He adds: "I'll play Mega Millions this week and if I hit I'll finance this thing." [TribTrib]
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