Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Manhattan Glass Tower Owner Files for Bankruptcy Protection

Aug. 3 (Bloomberg) -- New York City real estate-company 785 Partners LLC, owner of a 42-story glass tower at 785 Eighth Avenue, filed for bankruptcy protection.

The company listed both assets and debt of $100 million to $500 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Manhattan.

The 566-foot building was co-developed by Esplanade Capital with 122 condominium units that reflect sunsets and look down on Midtown Manhattan, according to a 2007 Real Estate Weekly article. The building represented a return to high-rises that fell from favor in the 1980s, according to a New York Times article on Esplanade’s website.

“The sliver building is making a comeback,” writer Josh Barbanel said in the article.

Jay Eisenstadt, president of Esplanade, declined to comment today on the bankruptcy.

The building was designed by Ismael Leyva Architects, which also designed One Central Park Condominiums at Time Warner Center and whose other Manhattan projects include the Jasper, a boutique loft building in Murray Hill, and 60 Spring Street, a condominium building in Soho, according to the firm’s Web site.

The building joins other luxury New York buildings that have filed for bankruptcy over the past 2 1/2 years, the 34-story Lipstick Building on Third Avenue between 53rd and 54th streets, and a 12-story condominium development owned by Water Street Realty Group LLC.

Wrong Address

Lawyers for the debtor said they would re-file the papers after listing the wrong Manhattan address in the voluntary petition.

“It’s 785 Eighth Avenue,” attorney Andrew K. Glenn of Kasowitz, Benson, Torres & Friedman LLP said in an e-mailed message. “A correction will be filed shortly.”

The case is In re 785 Partners LLC, 11-13702, U.S. Bankruptcy Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Tiffany Kary in New York at;

Dawn McCarty in Wilmington, Delaware, at

To contact the editor responsible for this story: Stephen Farr at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.