South Street Seaport in Chapter 11

     MANHATTAN (CN) – New York’s historic South Street Seaport is among more than 300 affiliates that have filed for bankruptcy in the collapse of General Growth Properties, the nation’s second-largest mall operator. Seaport officials said the 19th century tourist attraction, south of the Brooklyn Bridge, will remain open. General Growth put the area on the market in December, along with Fanueil Hall Marketplace in Boston and the Inner Harbor mark in Baltimore, without success.




Here are the South Street Seaport’s top creditors. All of the debts are listed as unsecured.
Eurohypo AG New York Branch $1,987,500,000
Wilmington Trust FSB $1,550,000,000
Wilmington Trust FSB $798,454,857
Eurohypo AG New York Branch $601,515,545
Bank of New York Mellon $450,000,000
Bank of New York Mellon $400,000,000
Bank of New York Mellon $395,000,000
LaSalle Bank NA $206,200,000
Bank of New York Mellon $200,000,000

%d bloggers like this: