New York CIty Council Member Ben Kallos

Tom Acitelli

Crain's New York So much development drama in quiet Sutton Place by Tom Acitelli

So much development drama in quiet Sutton Place

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.