Case filing & court posture: Hudson 1701/1706, LLC and Hudson 1702, LLC filed chapter 11 on October 22, 2025 in the United States Bankruptcy Court for the District of Delaware. Dkt. 1 Chief Judge Karen B. Owens presides. Case No. 25-11853 (lead case, jointly administered with 25-11854).
Liquidity & financing path: The debtors obtained postpetition financing from Parkview Financial REIT, LP consisting of up to $12.3 million in new money DIP financing plus rollup of prepetition debt. Dkt. 56 Interim DIP order entered November 17, 2025. Dkt. 82 Final DIP order entered January 14, 2026. Dkt. 255
Restructuring posture: The case remains in early-stage chapter 11 with no confirmed plan. The debtors obtained extensions of exclusive periods to file a plan and solicit acceptances. The case involves contentious litigation including adversary proceedings against the ground lessor (356W58 Ground Lessor LLC) and interpleader actions.
Current status: The case is active and ongoing as of February 2026. Recent hearings address plan exclusivity extensions, retention of co-counsel, and adversary proceeding motions. Multiple stakeholders including the Official Committee of Unsecured Creditors, Parkview Financial REIT, and the ground lessor remain actively engaged in the proceedings.
