Mainstreet at Tuttle developer averts foreclosure auction with bankruptcy filing
The owner of the mixed-use Mainstreet at Tuttle development site in Royal Palm Beach narrowly avoided a foreclosure auction by filing for bankruptcy. The courthouse sale of the 38-acre site within the 200-acre Tuttle Royale master development on the southwest corner of U.S. 441 and Southern Boulevard was set for Wednesday. But on Tuesday, the ownership entity, managed by project developer Brian Tuttle, filed a Chapter 11 petition in Miami federal bankruptcy court that temporarily halted the auction. The bankruptcy filing was a direct response to mounting pressure from Mainstreet at Tuttle’s largest creditor, an affiliate of The Fuse Group, […]This article originally appeared on The Real Deal. Click here to read the full story.
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