Atlantic Suing Silverstein, Moinian Over Affordable Housing Financing

Peter Fine’s Atlantic Development is suing two major New York landlords, Larry Silverstein and Joseph Moinian, over funds the developer planned to use to fund below-market rate housing.

In court complaints filed against subsidiaries controlled by Messrs. Silverstein and Moinian, Atlantic claims the two landlords owe him millions—$3 million on the part of Mr. Moinian and unspecified “millions” on the part of Mr. Silverstein—for breaching contracts to buy development rights or certificates from Atlantic....

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