After winning the site at foreclosure, Gamma Real Estate is racing to beat a campaign to rezone the area and get its lux condo tower off the ground
From the outset, 3 Sutton Place was a minefield — a development site mired in high-interest debt for one of the tallest planned luxury towers on the Upper East Side. That set the stage for a drawn-out real estate battle in the upscale enclave.
For nearly three years, the site has been riddled with controversy: a bankruptcy, a contested foreclosure and now a community-led fight to dramatically alter plans for the location.
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