Archive · 5 Dec 2025
Fordham Landing Owner Files Bankruptcy
The owner of a big housing project in the Bronx called Fordham Landing has asked the court for help because they owe a lot of money.
They want to stop a sale of their property that was started by the people they borrowed money from.
The project is supposed to have thousands of affordable homes, and the state of New York has promised to give $55 million to help build part of it.
The owner says they are still planning to build the homes and think it will be successful.
They are also waiting for permission to build even more homes in the future.
The city says they still want to build housing there and provide affordable homes for people in New York.
Dynamic Star LLC, owner of Fordham Landing, filed for Chapter 11 bankruptcy on December 1, 2023, to halt a foreclosure sale.
The project, split into Fordham Landing North and South, aims to build thousands of affordable housing units.
New York state has committed $55 million for infrastructure in Fordham Landing South, which includes 900 affordable units.
The developer is facing lawsuits, including one from a contractor seeking payment for work on the project.
The bankruptcy filing paused the foreclosure action and preserves the project's value, with plans to continue development.
- Who
- Dynamic Star LLC and related entities
- What
- Filed for Chapter 11 bankruptcy to halt foreclosure
- When
- December 1, 2023
- Where
- New York, specifically the Bronx
- Why
- To halt a foreclosure sale and preserve the value of the Fordham Landing project
- Developer
- Dynamic Star LLC
- Project
- Fordham Landing (North and South)
- Bankruptcy Filing Date
- December 1, 2023
- Affordable Housing Units
- Thousands (exact number not specified)
- Foreclosure Initiated By
- CREMAC Asset Management LLC
- Bankruptcy Court
- U.S. Bankruptcy Court for the Southern District of New York
- Case Number
- 25-23154