Investors behind part of a planned 12 million-square-foot development on the Long Island City waterfront are claiming victory in a decade-long fight for control of the site. The group led by Bruce Teitelbaum that owns the “Lake Vernon” site near the Anable Basin won a favorable ruling last week in their foreclosure case with the Durst family. The Durst Organization holds the mortgage on the site, 44-02 Vernon Boulevard, and filed to foreclose in 2009.
source https://therealdeal.com/2020/06/03/owners-of-lics-lake-vernon-notch-win-in-tug-of-war-with-durst/
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