After amongst the toniest accommodations in the outer boroughs, 1 also set to reopen as a luxury keep, this landmarked stunner now faces foreclosures.
How Brooklyn Heights’ Lodge Bossert has fallen from grace: The Montague Street splendor earlier nicknamed the “Waldorf-Astoria of Brooklyn” has been hit with a $112 million pre-foreclosures see after missing property finance loan payments and accumulating hundreds of 1000’s of dollars in credit card debt.
On April 13, Wells Fargo submitted the detect in opposition to setting up owner, the Chetrit Group, in Kings County Supreme Court, business site PincusCo 1st claimed. The recognize alleges that the genuine estate developer owes additional than $126.7 million on a $112 million financial loan from 2019.
Chetrit Team and Clipper Equity’s David Bistricer — the latter of whom Chetrit bought out in 2019 — procured the 187,200-square-foot Italian Renaissance Revival-style house from the Jehovah’s Witnesses in 2012 for $81 million, with strategies to change it back again into a 302-space resort, Brownstoner noted. Further than its background as a resort, the residence also performed phase for a major neighborhood sports activities celebration.
“Most of the rooms at the former hotel — in which the Dodgers celebrated their only Globe Sequence title in Brooklyn in advance of heading west — are now made use of as residences for Witness volunteers,” The Post claimed of the 14-tale building, which was built in 1909, at the time of buy.
According to the April filings, the house owners planned to reopen the storied lodging as a Kimpton Hotel and managed to secure a non permanent certification of occupancy for the creating in January 2020, Brownstoner included. The resort has been closed for several years.