Key Highlights
- The filing comes weeks after state officials agreed to commit $55 million to support infrastructure construction in Fordham Landing South, which would include roughly 900 affordable housing units.
- The development is split into two projects, a larger-scale Fordham Landing North, which will take longer to complete and Fordham Housing South, which is further along in development, according to court papers.
- The combined project along the Harlem River includes building thousands of affordable units.
- Project lenders include an affiliate of commercial real estate firm CREMAC Asset Management LLC, which had initiated a foreclosure sale of the project owner’ equity interests, Zackson said.
- The developer is facing other lawsuits, including an August complaint from AECOM Tishman — the contractor and construction manager of the Fordham South project — seeking to recover money it says it’s owed for work on the project.
