Vanderbilt mansion condo conversion in foreclosure

Gloria Vanderbilt’s former Upper East Side mansion could be
headed for the auction block. The developers who purchased the
heiress and fashion icon’s former home with plans to convert it
to high-end condos have defaulted on their construction loan, court
documents show. And now their lender is trying to foreclose on the
property. Ilan Bracha and Haim Binstock’s B+B Capital teamed up
with Daniel Minkowitz’s Mink Development to buy the landmarked
home for $19 million

Source: FS – All – Real Estate News 2
Vanderbilt mansion condo conversion in foreclosure