229 West 43rd St

229 West 43rd

Kushner Companies faces turmoil with its Times Square retail investment at 229 West 43rd Street. After failed tenant deals and lease defaults, compounded by COVID-19 and interest rate hikes, an auction is scheduled for May 29, 2024. Despite avoiding ownership of the offices above, the $370 million debt from 2016 remains a significant concern for lenders and investors. Charles Kushner, along with his son Laurent Morali and daughter-in-law Nicole Meyer Kushner, grapple with the aftermath of their troubled retail venture in the heart of New York City’s iconic Times Square.

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