Today we return to the Sutton Place tower saga — a plan that once called for a 900-foot tall tower on the Upper East Side, which is all but doomed at present due to a lack of financing. On Wednesday, development firm Bauhouse Group, put the project into Chapter 11 Bankruptcy, according to the Wall Street Journal , which is seen as a move to stave off a planned foreclosure sale on the property.

Foreclosure News

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