Seacoast forecloses on Harbour Walk Preserve

Palm Beach Gardens-based Harbour Walk Preserve, a 53-acre commercial
project, lost a $17.6 million foreclosure judgment to Seacoast National
Bank and is set to lose its Stuart property at public auction on January 27. Harbour Walk Preserve filed for
Chapter 11 bankruptcy protection but voluntarily sought to have the
case dismissed in December. Its attorney, Bradley Shraiberg, said the
developer could not sell the property for enough money to pay off the
mortgage.