High-profile Boynton condo in foreclosure suit
BOYNTON BEACH — The high-profile Promenade condominium in downtown Boynton Beach was sued for foreclosure Friday in Palm Beach County Circuit Court, according to a statement by the developer.
Boynton Waterways Investment Associates, the Promenade's developer, said the "friendly" foreclosure was on the unsold units in the downtown condominium, a twin-tower, 14-story project. Only about a quarter of the condo's 318 units have been sold since sales began in May 2010. Units start at about $160,000. The property is on Federal Highway and Boynton Beach Boulevard.
The statement did not identify the entity filing the foreclosure, but according to Gary Nagle, an attorney representing buyers suing the Promenade, the plaintiff is Wells Fargo Bank, which was disclosed during a court hearing this week.
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High-profile Boynton condo in foreclosure suit - News
