A pair of companies started by developer Patrick Baratta have filed for bankruptcy. Tidewater Lodging Group, associated with the property at 1208 Ocean Boulevard, operating as Ocean Point Resort; and at former rental property 1200 Ocean Boulevard, operating as Treviso by the Sea Joint Venture, are in Chapter 11. The Pompano Beach developments have debts of about $60 million. Baratta planned to demolish and redevelop the contiguous properties, but ran into trouble with the original lenders.
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