Key facts
- Developer Kevin Maloney described his luxury skyscraper as a financial disaster.
- The building is located on Billionaires' Row in New York City.
- The tower's trophy penthouse was discreetly delisted weeks prior.
Developer Kevin Maloney has publicly acknowledged the significant financial difficulties associated with his luxury skyscraper located on New York City's Billionaires' Row. While praising the tower's striking architectural design, Maloney referred to the project as a financial 'disaster.' This admission follows closely on the heels of the discreet delisting of the building's most expensive penthouse unit, which had been on the market.