Top Rock staves off Fifth Avenue foreclosure with Chapter 11 filing
Uri Mermelstein’s Top Rock Holdings appears to be making a last-ditch attempt to maintain control of its Midtown office-to-resi project. An entity tied to the office portion of 609 Fifth Avenue filed for Chapter 11 bankruptcy protection in federal court in Manhattan on Wednesday, one day before a sc
Proposed $19.4B NY data center faces infrastructure, community hurdles
A massive $19.4 billion artificial intelligence data center proposal in rural Western New York has sparked a sharp divide between industrial development goals and local conservation efforts. The project faces mounting pressure from residents and Indigenous groups who argue the facility’s immense sc
Dynamic Star files second bankruptcy for Fordham Landing megaproject
Igal Namdar, Gary Segal and Brad Zackson are locked in a fight for control of a megaproject that was set to bring 5,000 affordable housing units to the Bronx. Dynamic Star’s Segal and Zackson have squared off with Namdar, with Segal accusing the investor of “brazen acts of treachery” in seeking to p
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