Landlord Charles Cohen lands cafe at Decoration & – Business News
A press release excitedly knowledgeable us that a cafe referred to as Another Story will open this spring on the 14th flooring of the Decoration & Design Building at Third Avenue and East 58th Street, “New York City’s premier destination for interior design and luxury showrooms, serving the design industry and leading global brands.”
The Another Story cafe will open this spring on the 14th flooring of the Decoration & Design Building at Third Avenue and East 58th Street. Google Maps
The announcement quoted landlord Charles S. Cohen, “We look forward to welcoming this exciting addition and further enriching the experience for the design community and visitors.”
But it didn’t point out that embattled Cohen was given 45 days by a choose to settle practically $190 million in debt he owes Fortress Investment Group. If he can’t raise the dough, Fortress can start promoting off Cohen’s remaining properties — together with D&D. The courtroom additionally agreed to the lender’s request to nominate a receiver to supervise the gross sales.
Cohen earlier unloaded different trophies in his as soon as 12 million square-foot portfolio together with 623 Fifth Ave. and three E. 54th Street — nevertheless it wasn’t enough to carry off Fortress.
