Tampa Developer To Stick Bank With Half-Sold Condo Project; Will Sign Over Deed Before Taking A Hike

In Tampa, Florida, The Tampa Tribune reports:

• Facing foreclosure, the developers of the Ventana condominiums in the Channel District have agreed to hand the keys to the project's lender and walk way, according to documents filed in Hillsborough County Circuit Court. Ventana, completed early last year, has 85 units, but the developer has sold only 41 units, county property records show. None of the six retail condominiums have sold.

For more, see Channel District Condo Developer To Turn Units Over To Bank.