The Real Deal Miami

Ocean Mall on Singer Island to hit the auction block

February 15, 2013 04:00PM

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Daniel Catalfumo Ocean Mall on Singer Island will hit the online auction block April 1, the South Florida Business journal reported. The lender, Garrison Investment Group won an $11.8 million foreclosure judgment against Catalfumo and his OMRD LLC last year. However, the auction was delayed due to a different claim by a former tenant. 

OMRD used an $11.1 million mortgage to build the 63,650-square-foot retail center along the beach at 2401 North Ocean Drive, but it only leased the property.

Steakhouse USA/Portofino Italian Grill had previously received a $1 million judgment against OMRD for forcing it out of the mall during construction. Catalfumo’s PGA Professional & Design Center in Palm Beach Gardens is also slated for an online auction Feb. 21 after losing a $41 million foreclosure judgment. [SFBJ]Christopher Cameron

 

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