A Manhattan-based visa investment fund is suing the developers of a condominium development in Westchester. Advantage America EB-5 Group is seeking $5 million from EMC Bronxville Metropolitan, claiming the developer’s condo project is in default, Westfair Online reported. EMC’s condo development has been stalled for years. The idea of converting the former warehouse into 61 luxury loft-style apartments was first floated when Metropolitan Life Insurance Company sold its premises at 759 Palmer Road in 2006. […]
source https://therealdeal.com/2018/08/24/eb-5-fund-suing-developers-of-long-stalled-westchester-condo-project/
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