The project has a tortured history that began in 2015, when Connecticut developer Joseph Beninati bought a run of small apartment buildings and filed plans for a 950-foot condo tower. He later lost the site to lender Gamma Real Estate, led by Richard Kalikow.
During the protracted foreclosure process, a neighborhood group aligned with City Councilman Ben Kallos was able to gain approval for a rezoning that prohibited such a large structure there. Because Gamma had not started work on the 800-foot tower before the rezoning, Sutton 58 appeared to be kaput. But in late June, a city board granted the project an exemption. Now Gamma is building, and the neighborhood group is planning to sue.
Get the popcorn ready.