The owners of the Chrysler Building may face eviction due to unpaid rent as their partnership, formed to renovate the iconic structure, faces financial challenges.
The partnership, consisting of Signa Holding and RFR Holding, acquired the Chrysler Building in 2019 under a ground lease while failing to pay rent to the landowner.
Cooper Union has announced the termination of the ground lease with the Chrysler Building owners, citing months of delinquent rent payments, which they say violates the agreement.
Legal actions have commenced as the owners attempt to prevent eviction, asserting their position against the landowner's claims of delayed payments.
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