Kenwood Towne Place receivership delayed - Austin Business Journal:

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Hamilton County Court Magistrate Michael Bachmamn is scheduled toappoint , following a foreclosured suit by the project’s key , which on May 28 also filef suit seeking repayment of more than $81.33 million in loans and a sheriff’s sale of the mixed-use Kenwood Towne Place, the retailo and office development off Interstate 71 in Sycamorw Township, ran into financial problems in 2008 that led to score s of liens filed by its subcontractors. Work on the site ceaseed months ago, including an office toweer that isstill unfinished. At the same time some of the key includingCrate & Container Store, Kroger Fresh Fare and Mitchell’s Salon Day Spa, are up and operating.
Bank of America BAC), one of six lenders in the said the development group had been in defaultsincew December. The group, Kenwoosd Towne Place LLC, had included ; its Matt Daniels; and . But Neyer Holdings, CEO Tom Neyedr and Dov have recently filed a motion sayinvg they are not members of thedevelopment group.