His lender, Fifth Third Bank, is putting 35 units up for auction March 7 at starting prices that are two-thirds less than what Cantor had been asking. Cantor, who is among a select few Florida condo developers still standing, clearly thinks Fifth Third is jumping the gun.
"I'm going to look like I've gone under," says Cantor, who has closed on the sale of 100 of 242 units since the first Signature Place residents moved in last summer. "It's a good idea but it's not the proper time."
To read the full story from the St. Petersburg Times, click here.
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