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Planned Site of Luxury Condo Heads for Foreclosure Auction

We last mentioned 245-247 West 14th Street when it let its pink wall show during the destruction of the former McKenna's bar and Tequila's restaurant space. The building was coming down because the site had sold to a developer who planned a nine-story, 21-unit luxury condo building. Then reality intervened, and nothing has happened on the site since. Now, according to PropertyShark, the lot is scheduled for foreclosure auction at the end of the month. It's not a surprising development, since the lis pendens filings on the property date back to 2009. An LLC purchased the mortgage note last year, and the current lien amount is $20,171,134. Perhaps the new owner will get past the sidewalk shed stage of construction.
· 245 West 14th Street [PropertyShark]
· Pink 14th Street Destructoporn as MePa Creeps East [Curbed]