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2011_bowery_Savings_building1.jpgCurbed NY learns that foreclosure proceedings have begun on the landmark Bowery Saving Bank building at 130 Bowery with a lis pendens filing against the property. This is just the first step in the long road to foreclosure and it could get resolved, but if there's a default, the lender has the right to modify leases or evict tenants —one of whom is restaurant/nightclub Capitale. [Curbed NY]