1066-foot Brooklyn Tower, owned by JDS Development, faces foreclosure due to a $240M mezzanine loan default.
Brooklyn's tallest building, the 1066-foot Brooklyn Tower, also known as the Eye of Sauron, is facing foreclosure. Silverstein Capital Partners has scheduled a foreclosure auction for 9 DeKalb Ave., owned by JDS Development. The tower's $240M mezzanine loan from Larry Silverstein’s firm was part of a $664M debt package to build the 93-story, 1,066-foot tower in Downtown Brooklyn.
March 29, 2024
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