Atlanta Business Chronicle
A $13.5-million loan for the parcel at 1138 Peachtree St. was issued to TP 1138 Peachtree LLC by Georgian Bank, which failed last fall and was acquired by Columbia, SC-based First Citizens Bank & Trust Co. The site was acquired for $11.5 million in late 2007 with plans for a glitzy condominium/hotel project budgeted at $285 million.
An auction date of Feb. 2 has been set unless the parties can reach a resolution over the next few weeks. Click here to read the full story.
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