The case is now in post-emergence claims administration, with the Reorganized Debtor continuing to clean up the claims register after the court sustained its objection to U.S. Specialty Insurance Company’s proof of claim and allowed it as an $82,965.44 general unsecured claim in the USSIC claim-objection orderDkt. 324.
560 Seventh Avenue Owner Primary LLC filed chapter 11 on August 12, 2023, as the single-asset owner of the Margaritaville Resort Times Square Hotel, entering the case against a capital structure that included a first-priority mortgage loan from OWS CRE Funding I, LLC and mezzanine debt at the ownership level held by AREPIII MVTS, LLC, CREP Times Square Hotel LLC, and Global One Real Estate Investment Trust affiliates, as reflected in the voluntary petitionDkt. 1. Early operating liquidity was shaped by access to cash collateral: the court entered an interim order authorizing use of cash collateral, granting adequate protection to the prepetition secured party, and setting a final cash-collateral hearing for September 5, 2023, in the interim cash-collateral orderDkt. 18.
The docket later included litigation around tenant or lease-related rights, including Garment Center Congregation’s adversary complaint seeking declaratory relief and attaching the lease, amendments, escrow agreements, demand correspondence, and related materials in the adversary complaintDkt. 1. With the debtor now described as reorganized in the April 2026 claims order, the live case posture appears to be residual administration rather than first-day stabilization or sale-process execution: the immediate focus is resolving remaining claims and implementing the reorganized estate’s claim treatment, with no future hearing milestone provided in the context pack.
