229 West 43rd St

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.