Subhead:
Developer says Centerpoint still expected to open in spring '099
Published On:
Tuesday, December 9, 2008
Image Caption:
Tempe Land Co., involved in the unfinished Centerpoint Condominiums in Tempe, is filing for bankruptcy. The company also plans to sue its construction lender, Mortgages Ltd., for not providing the construction loans.
Avenue Communities LLC, the developer of the unfinished Centerpoint Condominiums in Tempe, is filing for bankruptcy. The company also plans to sue it's construction lender, Mortgages Ltd., for not providing the construction loans. (Lindy Mapes/The State Press)
A company created to build two Tempe high-rise condo towers, Tempe Land Co., filed for bankruptcy on Friday. But developers said the project’s first tower will still open next spring.