Owner of Mixed-Use Property in Manhattan Files for Bankruptcy

null By Becky YerakJan. 8, 2024 3:03 pm ET|WSJ ProBloom on 45th is located in Manhattan. The mixed-use property was built in 2020. Photo: Taidgh Barron/Zuma PressThe owner of mixed-use building Bloom on 45th in Manhattan has filed for bankruptcy, saying fallout from the Covid-19 pandemic as well as interest-rate hikes have made it unable to meet its debt obligations.Hudson 888 sought protection from creditors Sunday in the U.S. Bankruptcy Court in Manhattan after it failed last Friday to reach a debt-restructuring settlement with a secured lender owed a total of $79.8 million.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Owner of Mixed-Use Property in Manhattan Files for Bankruptcy

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By Becky Yerak

Jan. 8, 2024 3:03 pm ET|WSJ Pro

Bloom on 45th is located in Manhattan. The mixed-use property was built in 2020. Photo: Taidgh Barron/Zuma Press

The owner of mixed-use building Bloom on 45th in Manhattan has filed for bankruptcy, saying fallout from the Covid-19 pandemic as well as interest-rate hikes have made it unable to meet its debt obligations.

Hudson 888 sought protection from creditors Sunday in the U.S. Bankruptcy Court in Manhattan after it failed last Friday to reach a debt-restructuring settlement with a secured lender owed a total of $79.8 million.