The landmark Bowery Savings Bank building at 130 Bowery might soon join the Remy site in the Foreclosure Club. Foreclosure proceedings have begun against 130 Bowery, with a lis pendens filing against the property for a lien of $3.5 million, according to PropertyShark. A lis pendens filing is just the first step on the long road to foreclosure, so this could get resolved well before then. If there's a default, though, the lender has the right to modify leases or evict tenants?one of whom is restaurant/nightclub Capitale. Maybe neighbor respect will be a saving grace here.
· 130 Bowery [PropertyShark]
· Foreclosure coverage [Curbed]