A Dallas construction firm working on RSG Group’s expansion of Gold’s Gym locations across Texas has filed for Chapter 11 bankruptcy.
Echelon Construction filed for bankruptcy last week in the Northern District of Texas, declaring a minimum of $1,000,000 in liabilities and between $50,000 to $100,000 in current assets. The company did not return calls for comment on the details of the filing.
Currently, Echelon has a substantial portfolio of projects across various sectors in Texas and surrounding markets, including RSG Group’s Gold’s Gym facilities. RSG has recently been expanding its presence in Texas, particularly in the Dallas-Fort Worth area, already adding three facilities this year ranging from 22,000 to over 30,000 square feet.
Echelon has various other retail, hospitality and office projects across Dallas and the surrounding areas, such as an 11,520-square-foot office facility for Healthcare Trust of America in North Cypress and at least three in-progress restaurant sites that are in planning stages, according to the company’s website.
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