clock menu more-arrow no yes

Filed under:

Extensions

New, 3 comments

For everyone who's been waiting with bated breath for a resolution of the drama at Tribeca's Independence Plaza North?it might be better to just breathe. The complex's owners, a venture led by Laurence Gluck's Stellar Management, have received an extension on their debt for the project. There are two lawsuits about rent regulation at the complex, one that was decided in favor of the tenants and one in favor of Stellar, both currently being appealed. The debt extension is for two years, so the fun doesn't have to stop any time soon. [WSJ]