Economics

Kushner’s Deutsche Bank-Backed Property Stung by Tenant Troubles

Restaurants and stores underpin $370 million of debt
NY prosecutors last year requested documents for the space

Lincoln Ellis of Northern Trust and Bloomberg’s Jason Kelly discuss property problems for the Kushner family.(Source: Bloomberg)

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By Caleb Melby and David Kocieniewski

January 19, 2018 at 9:00 AM UTC

Updated on

January 19, 2018 at 4:00 PM UTC

In a six-floor retail space near Times Square, the Guy Fieri restaurant has closed and construction hasn’t begun on celebrity chef Todd English’s food hall. A tourist attraction featuring a 1/87th scale model of New York City was behind on rent for two months as of December, according to loan documents.

It wasn’t supposed to be this way.