
The owner also has a downtown tower in foreclosure.
The owner also has a downtown tower in foreclosure.
The buyer submitted a $11.2 million credit bid for a property that fetched $23 million in 2014.
Harlequin Plaza is 70 percent occupied. Bellco Credit Union, which is headquartered there, is pursuing a sublease deal.
The Solarium building is owned by an Austin-based firm.
America’s Capital Partners still owns the nearby Tuscany Plaza building.
Fortress Capital’s takeover follows years of court battles with Nelson Partners.
“This project had been on a pause over the last six to eight months and during that time we did fall behind,” Flywheel Capital founder Ben Hrouda said.
It’s the fourth downtown office building to enter foreclosure since the pandemic.
The building is leased to RiNo Country Club, a bar with an outdoor mini golf course.
A bankruptcy case complicated Fortress Capital’s previous efforts to take over 1051 14th St.
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