Tag Archives: Stuyvesant Town

Stuyvesant Town Goes Bust

The owners of NYC’s Stuyvesant Town and Peter Cooper Village, which were purchased in 2006 in the largest real estate deal in U.S. history, have defaulted on their loans and are turning the properties over to creditors. “We make this decision as we feel a battle over the property or a contested bankruptcy proceeding is not in the long-term interest …

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