A troubled Midtown development site is seeing even more trouble thanks to a lawsuit between Madison Equities and Mack Real Estate Credit Strategies. Madison has sued Mack over 520 Fifth Avenue, where it claims the company has backed out of an agreement that would have ultimately given the development firm control of the property and allowed it to build on the site. Ceruzzi Properties and SMI initially bought the land from Thor Equities in 2015 […]
source https://therealdeal.com/2019/06/27/bob-gladstone-fights-mack-real-estate-to-keep-a-piece-of-beleaguered-520-fifth-site/
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