The Real Deal Miami

Wind by Neo still caught in foreclosure storm

September 11, 2009 03:10PM

The second phase of the high-profile Wind by Neo condominium project faces a foreclosure suit by lender Wachovia Bank. The bank filed a foreclosure suit on the first phase of the project in December. The 42-story tower was placed under a court appointed monitor in August. About 25 buyers are seeking to recover their deposits for units at the development.