540 West 21st Street Holdings LLC

  1. March 13, 2024

    NYC Condo Developer's Ch. 11 Liquidation Plan Gets OK

    A Delaware bankruptcy judge on Wednesday approved the Chapter 11 liquidation plan of 540 West 21st St. Holdings LLC, the developer of a scrapped luxury condo project in New York City's West Chelsea neighborhood, overruling an objection from the managers of a neighboring building.

  2. January 31, 2024

    NYC Developer Gets OK To Seek Votes For Ch. 11 Plan

    The developer of a stalled construction project in New York City's West Chelsea can solicit votes on its most recent Chapter 11 plan, which includes an $87.4 million sale of the property, a Delaware bankruptcy judge said at a hearing Wednesday.

  3. January 09, 2024

    NYC Developer's Final DIP OK'd, Paving Path For Ch. 11 Plan

    A Delaware bankruptcy judge on Tuesday granted the developer of a stalled construction project in New York City's West Chelsea final approval for a debtor-in-possession loan, laying a foundation to sell the property and confirm a Chapter 11 plan in March.

  4. October 04, 2023

    Luxe NYC Condo Developer Says Buyer Has Offered $95.8M

    The bankrupt developer of a high-end real estate project in Manhattan told a Delaware bankruptcy court Wednesday that a buyer has agreed to pay $95.8 million for the property as long as the deal closes by the end of the year.

  5. September 22, 2023

    Ch. 11 Trustee Flags Family Ties In $75M NYC Site Payout

    A U.S. trustee argued that a Chapter 11 plan for a Manhattan ultra-luxury project failed to disclose that a principal for the senior creditor is the father-in-law of a principal for debtor Luxe NYC, calling into question terms of the deal that benefit the creditor company.

  6. September 05, 2023

    More Sale Info Needed To OK Luxe NYC Project's Ch. 11 Plan

    A Delaware federal bankruptcy judge said Tuesday she will sign off on a fast Chapter 11 plan for a scrapped Manhattan ultra-luxury development if the debtor reveals more details of the planned sale of the property.

  7. August 04, 2023

    NYC Developer Moving Forward With Ch. 11 Sale Plans

    The developer of a Manhattan multi-use real estate project received permission Friday from a Delaware bankruptcy judge to continue using its cash management systems as it pursues a sale of its assets in Chapter 11.

  8. August 03, 2023

    NYC Building Investor Hits Ch. 11 In Del. With $226M Debt

    A New York City developer has opened a Chapter 11 case in Delaware to complete the bankruptcy sale of a West Chelsea building lot burdened by $226 million in debt, liquidity shortfalls and investor unwillingness to move forward with a plan restructuring.