ST. ANN, MO-City officials have extended the deadline for developer G.J. Grewe to close on the Northwest Plaza after talks with Wells Fargo. The extension is till the end of this year to turn the plaza into a mixed-use development housing retail, manufacturing and offices. Wells Fargo represents the lenders to the project.
The expiry of the earlier contract was set for June 1. The property was taken over by the lenders in September 2009 in a foreclosure auction for $29.95 million. For the full story, go to Philadelphia Business Journal.
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