Waterbrook Peninsula LLC has filed for bankruptcy. Your editor recently visited the project and took these photos. The property is on a small peninsula with water on three sides, on Federal Highway and the intracoastal waterway. It was planned to have 40 luxury condos, 20 town homes and 10 large single family homes. Construction is almost complete on the condos and single family homes but town homes have been delayed. This bankruptcy, where National City Bank foreclosed on a $26-MM mortgage, highlights the down market conditions.
C'mon down. Enjoy leisure, recreation, golf, beach, ocean, business, restaurants, activities. Clubhouse Communities and condos. Equestrian properties to small & large homes & townhomes. PARADISE! The Downtown area has many renovations & tons of shopping and restaurants. Realtor MARILYN JACOBS knows Boynton Beach and will find you THE HOME OF YOUR DREAMS - anywhere in southeast Florida! (561-302-3388).
Tuesday, July 15, 2008
PENINSULA BOYNTON BEACH DEVELOPER IN BANKRUPTCY
Waterbrook Peninsula LLC has filed for bankruptcy. Your editor recently visited the project and took these photos. The property is on a small peninsula with water on three sides, on Federal Highway and the intracoastal waterway. It was planned to have 40 luxury condos, 20 town homes and 10 large single family homes. Construction is almost complete on the condos and single family homes but town homes have been delayed. This bankruptcy, where National City Bank foreclosed on a $26-MM mortgage, highlights the down market conditions.
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