NY Skyscraper Turns Corner After Years of Struggle

A razor-thin skyscraper in New York—1400 feet tall, just 60 feet wide—is finally turning things around after years of financial chaos, defaulting on a $725M loan and hitting the brakes from Covid. Now, with just 23 units left and a new sales team in charge, they’ve closed $480M in deals, including luxury penthouses, slashing debt and making Apollo the sole lender. Meanwhile, developer PMG is thriving in Miami with flashy new condos named after Frida Kahlo and Palm Trees—and just last month, they locked down a $370M loan for another Gowanus project, proving they’re not leaving NYC behind. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2e7a06c51174d98b