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The developer badly needs Chapter 11 relief, manager Jonathan Sacks states in an affidavit, “to put the … project back on the correct footing.”
“When this happens, it will be completely transformative," Luiz Aragon, commissioner of development said. "It will change how people perceive our city.”
D’Wayne Prieto, managing partner and CEO of Ward Capital Management, is leading the effort to bring a 225-room “urban resort” to the city’s downtown edge at 115 Cedar St.