Swig Settles with Sheffield57 Condo Owners; Stipulation Covers Millions in Common Charges

Good news for condo owners at Sheffield57, the alphanumerically-named midtown project that, over the past four years, has served as the backdrop for an epic war between buyers, rent-regulated tenants and its developers.

Kent Swig, the lead sponsor in the project at 322 West 57th Street, has reached a settlement with the condo owners who sued him, agreeing to pay the common charges he, as sponsor of more than 400 unsold condos, owes to the...

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