D.C.’s Union Station Faces Foreclosure on $330 Million Mortgage
Union Station in Washington, D.C.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The operator of Washington, D.C.’s Union Station faces a foreclosure sale in January, according to a filing Wednesday by the trustee of the building’s $330 million mortgage.
The property, operated by New York-based Ashkenazy Acquisition Corp., stopped making payments in May 2020, after citing the impact of Covid-19 on its ability to pay. The property was valued at $1.24 billion according to a 2017 appraisal. Ben Ashkenazy, chief executive and chairman of the company, didn’t immediately reply to a request for comment in a message left with his assistant.