Michael Heletz's Excel Development Group is embroiled in a legal battle with tenant Annie Feng, whose holdout is significantly delaying a much-needed apartment project in Kips Bay.
With only one tenant, Annie Feng, remaining in the way of a 23-story apartment project, Excel Development is feeling the pinch of ongoing legal disputes and alleged harassment.
Feng claims her apartment, where she has resided since 2012, has deteriorated due to alleged neglect by Excel, including issues with cracked walls and infestations.
Despite accusations, Excel denies Feng's claims and insists they are progressing toward their long-planned development slated to provide affordable housing options.
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