The Real Deal Miami

Bankruptcy for Boynton Beach developer

June 27, 2008 11:34AM

Waterbrook Peninsula, which planned to build the Peninsula, a residential project with a mix of townhomes and 40 luxury condos on the Intracoastal Waterway, has filed for Chapter 11 bankruptcy. Principal Thomas Yianilos of Deerfield Beach was signed the filing, which claims the developer owns between $10 million and $50 million in assets and about the same range for liabilities. The Peninsula is part of the Boynton Beach Community Redevelopment Agency district.