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Schuster out as Hopson borrows $156M for Midtown tower

2 monthes ago   |   By The Real Deal New York

Hopson Development has dropped one partner and picked up a new one at its condo development in Midtown. The Hong Kong developer has scored a $156 million construction loan from Fortress Investment Group for its 191-unit luxury project at 131-141 East 47th Street, The Real Deal has learned. It has also parted ways with Josh Schuster's Silverback Development, which joined the project in March 2020 but has run into problems of late. The new funding
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