Mellon United National Bank has filed a foreclosure notice against One Flagler, a Miami office tower. Nexus Development reportedly owes $33 million on its current loan and hasn’t made a payment since January 10. The developer bought the 14-story building in 2005 and began trying to convert it into office condominiums. The project was scheduled to be done by 2008.
|Dufry signs lease for future HQ at Prologis’ Beacon Lakes|
|Brightline owner’s proposal to build a new Miami-Dade courthouse lives on|
|Developers refinance 2500 Biscayne, sell ownership stakes|
|New renderings of Aston Martin Residences, Estates at Acqualina & more|
|Home sales, prices rose in all three SoFla counties in January: Florida Realtors|