Nolita Office Project
Sector: Road • Location: New York, United States
Source: The Real Deal
The Nolita property owner is suing Real Estate Equities Corporation (REEC) for abandoning an office project that was supposed to be developed at 156-166 Bowery Street. The lawsuit claims that REEC owes over $2.9 million in ground rent and has failed to fulfill its obligations to demolish the existing structures and construct a new building by February 2026.
- Status
- Closed
- Sector
- Road, Residential, Commercial
- Location
- New York, United States of America
- Updated
- 22 Jul 2026
- Source
- The Real Deal
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Nolita property owner is suing Real Estate Equities Corporation (REEC) for abandoning an office project that was supposed to be developed at 156-166 Bowery Street. The lawsuit claims that REEC owes over $2.9 million in ground rent and has failed to fulfill its obligations to demolish the existing structures and construct a new building by February 2026. |
Original sector | Commercial |
Budget |
Location
Country | United States of America (USA) |
State | New York |
City | New York |
Source
Source | The Real Deal |
URL |
More Details
Record type | Project |
Sector | Road, Residential, Commercial |
Article published date | 2025-03-20 |
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