Trouble on the Western Front
Those fancy condos at 100 Eleventh Avenue, the building that was designed by Jean Nouvel and attracted such high-profile buyers as Blackstone's new CFO Laurence Tosi and fashion photographer Mario Testino? Bad news. The development firm behind the building is now "under the gun to refinance its construction loan in the midst of pouring concrete, or it risks the possibility of having to halt work next month." [WSJ]