Manhattan Co-Op Settles Property Feud With City

Law360, San Diego (November 2, 2011, 9:43 PM EDT) -- Sutton Place South Corp. has resolved a property dispute with the New York City Department of Parks and Recreation, the co-op said Tuesday.

Under the deal filed in New York state court, the parties have agreed to transform a portion of the private backyard of One Sutton Place South, the 13-story co-op apartment building owned by SPSC in Manhattan, into a public park along the East River.

The parties have each consented to chip in half of the expected $2 million cost of designing and constructing...
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