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Zeckendorfs In Talks To Take Over HFZ s XI High Line Condo

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Zeckendorf Development, Suffolk Construction in talks to take over HFZ Capital s XI project, letter indicates

“There are no such ongoing conversations with HFZ,”  said HFZ Interim Chief Operating Officer William Henrich. Representatives for Zeckendorf and Suffolk did not respond to requests for comment. HFZ, led by developer Ziel Feldman, purchased the site of The XI for $870 million in 2015, one of the most expensive deals for a development site in Manhattan at the time. The property at 76 11th Ave. spans a full city block by the High Line, and the ambitious project consists of two curving condo towers designed by superstar architect Bjarke Ingels. The company has been facing financial troubles on multiple fronts recently, but these have been especially pronounced at The XI, where several firms have accused HFZ of falling behind on millions of dollars worth of bills. Omnibuild Construction filed a lien in July accusing the firm of owing it more than $100 million for work it did on the project, and Pioneer Window filed a lawsuit in December claiming HFZ owed it about $24 mil

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