Beninati, one of two partners of Antares, the Greenwich developer that failed so spectacularly here, is back in the game,with new investors’ money and a NYC building he just purchased for $24 million.
The Antares Boyz went down owing hundreds of millions of dollars, wasted on cars, maxi-pads and general incompetence.* They’re being sued by pension funds and other investors, ex-wives and just about everyone who doesn’t like them on general principle yet here they are – or here’s one of them, anyway, scrubbed, clean and ready to go again. That someone would give him money to “invest” in real estate is like the monkeys in Chinese zoos fidgeting just before the earthquake arrives; it’s a bad sign.
*(The definitive article on the Greenwich crash remains Nick Paumgarten’s 2008 New Yorker piece, “A Greenwich of the Mind”).