Aby Under Pressure
cityfile · 07/16/09 07:18PMAby Rosen and Michael Fuchs, the real estate tycoons behind RFR Holdings and the owners of Lever House and the Seagram building, had been planning to build a Shangri-La hotel on Lexington Avenue and 53rd Street. That was before all the economic messiness, of course, and last month the project was dealt a death blow when several banks foreclosed on the property. Now the already bad situation is getting worse.