The Atlanta Business Chronicle reported today that ‘The Midtown site that was to be Trump Towers has been listed for foreclosure — the latest high-profile condo project that may go back to the bank.
The loan secured by the property is scheduled for auction March 2, according to a published foreclosure notice. The proposed project never got off the ground.
Trump Towers bore the name of tycoon Donald Trump. His company formed a partnership in 2006 with Atlanta-based Wood Partners LLC and New York-based Dezer Properties Inc. to develop the project.
The first phase was going to involve a $260 million, 48-story condo tower at 15th and West Peachtree streets, near the Woodruff Arts Center.’
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