Bank officials couldn't be reached by GlobeSt.com's publication deadline to learn the amount of debt involved in the foreclosure action against the developer, PRS Construction. The estimated $50-million project was supposed to consist of 152 apartment units, about 30,000 sf of office and about 50,000 sf of retail, brokers familiar with the undertaking at Riverstone Parkway and GA 140 tell GlobeSt.com.

The residential component was planned for the second and third levels of the project, office for the second level and retail at the street level.

The foreclosure action comes as elected officials in Canton plan their new greenway plan along Etowah River here near the mixed-use project. The city has purchased 80 acres for a planned nature trail and park. Canton is also building a recreation center across the street from Riverview Manor. The city approved the mixed-use Riverview Manor project in 2002 to complement its river greenway plan, city staffers confirm for GlobeSt.com.