For the fourth time in five months, Kushner Companies has fallen behind on payments for the $285 million senior loan at its 250,000-square-foot retail space in Time Square. And with the coronavirus pandemic shutting down most retail in New York City, the property is in more distress than ever, Crain’s reported. Kushner has struggled to cover loan payments since the bankruptcy of tenant miniature landscape emporium Gulliver’s Gate, as well as rent troubles with National
source https://therealdeal.com/2020/03/24/pandemic-may-finally-push-kushner-cos-times-square-retail-space-into-default/
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