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Developer behind SHoP-designed The Brooklyn Tower is facing foreclosure on $240 million loan - Vimarsana News

Developer behind SHoP-designed The Brooklyn Tower is facing foreclosure on $240 million loan

Michael Stern, the developer of SHoP’s new The Brooklyn Tower (also known by its address at 9 Dekalb Avenue), is facing foreclosure over a failure to pay a $240 million loan that was extended by Silverstein Properties in 2019 to complete the 93-story project, according to reports from The...