Ceruzzi Partners and SMI have brought in a new partner on their troubled Midtown development project as they race against the clock to stave off a foreclosure. Rabina Properties recently signed a joint-venture agreement to co-develop the planned 76-story mixed-use project just north of Bryant Park, a representative for the partnership told The Real Deal. “Rabina’s going to be running this deal,” Ceruzzi president Art Hooper told TRD. “We’ll be codeveloping the deal, but we’ll […]
source https://therealdeal.com/2019/05/30/ceruzzi-smi-bring-in-new-partner-to-try-and-save-fifth-ave-development/
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