Wednesday, October 10, 2007

Problems at Solar Lofts & Tower?

Extremely interesting report over in this forum post regarding part of the Solar Tower has gone into foreclosure. There is also a report of a developer bankruptcy possibility as well.

Solara Tower was supposed to be the sibling project to the neighboring Solara Loft project. Solara Loft is now completed and sales are almost assuredly less than projected and given the broader credit market problems this is not too surprising.

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