GREENWOOD VILLAGE, CO-Denver developer East West Partners has been named the receiver of the Landmark, a 271-unit development in Greenwood Village that has been beset with numerous problems, and one personal tragedy.
According to a report in the Denver Business Journal, the measure came after the construction loan for the mixed use project was bought by Strategic Value Partners LLC, of Greenwich, CT. The project includes two condo towers and the retail district called The Village Shops at The Landmark.
East West Partners taken 105 unsold condos off the market with plans to finish them with help from its sister company, Slifer, Smith and Frampton – Denver Inc.
Continuum Partners, a longtime business partner of East West, will lease and manage the 171,000-square-foot retail center. The group plans to bring a few residences to market by the end of the year; the rest will be held as design of the new units is finished and construction begins.
Zack Davidson, 45, the devloper of the Landmark died in January, 2013, near Tampa, and authorities believe he hanged himself. His death came weeks after he was indicted by grand jury on felony charges of theft, forgery and embezzlement in connection with the European Village phase of the Landmark.
Click Denver Business Journal to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
