{"id":73805,"date":"2025-12-17T21:37:06","date_gmt":"2025-12-17T21:37:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/73805\/"},"modified":"2025-12-17T21:37:06","modified_gmt":"2025-12-17T21:37:06","slug":"nyc-high-line-area-building-floats-53-million-bankruptcy-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/73805\/","title":{"rendered":"NYC High Line-Area Building Floats $53 Million Bankruptcy Sale"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">A commercial loft housing art galleries and photographers\u2019 studios in West Chelsea has filed for bankruptcy to halt foreclosure by its lender, <a href=\"https:\/\/www.bloomberg.com\/quote\/JPM:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">JPMorgan Chase &amp; Co.<\/a>, as it seeks to close a $53 million deal to sell the property.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Mariner\u2019s Gate LLC, the owner of a six-story building at 548 West 28th Street near Manhattan\u2019s <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-07\/the-high-line-and-equity-in-adaptive-reuse\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">High Line<\/a> park, sought court protection to pause a planned foreclosure sale that was scheduled for Wednesday, according to court papers. The sale was planned after the building\u2019s owner said it was unable to restructure a senior mortgage held by the bank.<\/p>\n","protected":false},"excerpt":{"rendered":"A commercial loft housing art galleries and photographers\u2019 studios in West Chelsea has filed for bankruptcy to halt&hellip;\n","protected":false},"author":2,"featured_media":73806,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[37321,1149,288,5869,8676,5991,1603,8697,75,1722,9,24,56,63,65,64,1491,5943],"class_list":["post-73805","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-alphabet-inc-cl-a","tag-art","tag-business","tag-citylab","tag-coronavirus","tag-deals","tag-finance","tag-jpmorgan-chase-co","tag-manhattan","tag-markets","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-real-estate","tag-retail"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/73805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=73805"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/73805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/73806"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=73805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=73805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=73805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}