A troubled Midtown development project is officially back on track, with a new developer in charge. Rabina Properties has closed on its joint-venture agreement with Ceruzzi Properties and SMI USA to develop a 76-story mixed-use project at 520 Fifth Avenue, the New York Post reported. The Real Deal first reported on the agreement in May. Sources told the Post that the deal consists of a “partnership restructuring and recapitalization.” In May, Ceruzzi president Art Hooper […]
source https://therealdeal.com/2019/07/02/rabina-properties-closes-on-jv-deal-at-520-fifth-avenue/
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