The lender to Block 216, Walter Bowen’s gleaming West End skyscraper, sounded an ominous note about the property in an earnings report Monday. https://www.wweek.com/news/business/2025/03/04/lender-to-ritz-carlton-tower-says-foreclosure-best-option-for-503-million-loan/
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“Similarly, the lease gives the Goodmans the right to ‘require that Tenant purchase the option property.’ They can do so just six months into the lease, according to the documents.”
And they did.