On May 14, 2021, Gateway Kensington LLC, filed a petition under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-22274). The bankruptcy filing comes on the heels of an arbitration panel ruling that Greenwich real estate developer John Fareri owes $14.3 million to a construction management company and executive who oversaw construction of the Villa BXV condominium in Bronxville, New York. The company reports $1 million to $10 million in assets and $10 million to $50 million in liabilities.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact the Debtor’s counsel.
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