The Norman Foster-designed residential tower Bauhouse Group has planned at 426-432 East 58th Street might be in trouble. Bauhouse has $128.8 million in loans from Gamma Real Estate, which started taking steps to foreclose on the project, Crain's reports. But Bauhouse claims the action is premature. "The lender's flawed and incomplete legal steps to rush the auction are commercially unreasonable and will not withstand judicial scrutiny," the organization said in a statement, adding that there are other sources of capital competing to fund the development's next step and pay off this debt.