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3 Sutton Place, a planned 950-foot-tall, 68-story Manhattan condo tower, won’t be materializing along the East River. After defaulting on $128.8 million in loans from lender Gamma Real Estate, developer Bauhouse Group‘s site at 426-432 East 58th Street will face foreclosure sale February 29th.
The site currently houses three contiguous five-story apartment buildings, which Bauhouse purchased to make way for the massive Foster + Partners-designed midtown skyscraper project.
— BuzzBuzzHome
Interested in other articles about Foster and Partners? Check out some of our past coverage:Masdar abandons its dream of becoming the first zero-carbon cityNorton Museum of Art breaks ground on Foster + Partners-designed expansion projectThe selective amnesia of Foster + Partners' Maspero Triangle... View full entry
