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Foreclosure and a Redesign Coming to Planned Sixth Avenue Tower

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Gargantuan new towers have been popping up along Sixth Avenue, testing the northern boundaries of Chelsea. Glassy giants like the Eventi hotel and Tower 111. The Costas Kondylis-designed 855 Sixth Avenue was supposed to join them, but the site slipped into the dark wormhole of foreclosure when co-developers Yitzak Tessler and the Chetrits defaulted on over $100 million in loans. That situation will soon be resolved, the Post's Lois Weiss reports, but don't count on seeing that 355,000-square-foot Kondylis design coming to life anytime soon. Or ever.

Durst Fetner Associates, a partnership of developers Hal Fetner and the Durst Organization, has purchased the note on the development site, putting it in position to take ownership at a foreclosure auction to be held within the next 90 days. Weiss reports "new architects are being interviewed to develop a 'green' building to fit within their portfolio," but wouldn't the most eco-friendly solution be recycling Kondylis's design instead of tossing it in the trash? Al Gore, please discuss in the comments.
· Between the Bricks [NYP, second item]
· Tower 111 is Busy for the Holidays, But About Its Neighbors [Curbed]