The company built 118 condominium units between 1998 and 2000, and all were sold out as of late last year. However, the company has not finished the landscaping or paved the parking lot for the condos, located on both sides of Main Street, south of the popular Downtown area.

Tri-Mount was also supposed to build an office building, a hotel, a conference center and underground parking on an eight-acre parcel just south of the condos. However, the company ran out of funds, and could not entice a hotel chain to the project.

The city bought back the property, located at the intersection of Woodward Avenue, I-696 and Main Street for $900,000. To make sure the company completed the condos, however, the Downtown Development Authority voted to hold about $190,000 from the company, in addition to a $150,000 cash bond, to make Tri-Mount complete the condominiums.