clock menu more-arrow no yes

Filed under:

Money Problems at The Clarovista

The Clarovista, a new 160-unit condo development in Edgewater, is having a tough go of it. After some deep price chops, developer William Platt sold 115 of the condos (72 percent) in three years. The remaining 45 units were rented, bringing in some money, but the development's $42.5M loan is due in April. Now, Platt is trying to lease the 15,000 square feet of vacant retail space. [Crain's]