It seems the battle for control of one of the city’s most talked-about development sites has only just begun. Bauhouse Group chief Joseph Beninati plans to take legal action against lender Richard Kalikow for allegedly conspiring to wrest control of his planned residential tower at 3 Sutton Place, he said in documents filed with the United States Bankruptcy court Beninati alleges that Kalikow, his lender on the $ 1 billion condo project via his company Gamma Real Estate, engaged in a 15-month-long “calculated scheme” designed to sideline him from his own development, using insider information obtained from Beninati’s own lawyer, who also happens to be Kalikow’s cousin.

Foreclosure News



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