Gansevoort South hitting auction block January 28th

Posted by admin | Uncategorized | Tuesday 5 January 2010 12:27 am

The trendy Gansevoort in South Beach will be hitting the auction block soon after defaulting on a $89m loan to Credit Suisse.

The property was renovated by a father and son team and reopened a 334-room hotel in 2007. There are also 259 condos, a rooftop pool, and 63,000 square feet of retail space and restaurants.

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