The obscure investor who could sabotage NYC’s tallest planned condo tower

From the November issue: For a giddy instant in 2013, an obscure investor rose to new heights after paying $56 million for a majority stake in a joint-venture project to build the tallest residential tower in the Western Hemisphere. It’s been downhill ever since for Richard Bianco and his firm, AmBase Corporation, as well as the ambitious 111 West 57th Street spire and its two sponsors — Michael Stern’s JDS Development and Kevin Maloney’s Property Markets […]

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