More than three years after it began, real estate giant Tishman Speyer’s ambitious and high-priced quest to control a chunk of the East Side of Manhattan has come to a close.

Early Monday morning, Tishman Speyer and partner BlackRock issued a statement saying they intend to transfer control of the 11,200-unit Stuyvesant Town/Peter Cooper Village to their creditors. (The decision was first reported late last night by the Wall Street Journal.)

And so ends the bumpy ride…