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Failed Sutton Place developer files for bankruptcy

Joseph Beninati was once the face of an ambitious Manhattan development that would have put him on the map of high-stakes New York real estate. But the greenhorn developer fizzled out as quickly as he arrived on the scene, and now his botched plans have placed him in financial ruin. Beninati filed for personal bankruptcy in Texas this week, listing some $ 24 million in liabilities — mostly from the personal guarantee he owes from his


The Real Deal New York

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