Ceruzzi Properties is struggling to secure a lifeline at its Hayworth condominium on the Upper East Side, as the pandemic heaps pressure on overstocked developers across the city. The firm has been working with JLL’s Chris Peck for months on arranging an inventory loan for the 61-unit development at 1289 Lexington Avenue. However a financing deal with Slate Property Group was stalled by the state shutdown in late March, according to Ceruzzi’s president, Art Hooper.
source https://therealdeal.com/2020/05/15/were-exploring-everything-ceruzzis-ues-condo-under-pressure-after-loan-falls-through/
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