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A long slough : Failed condo project in Dillon selling to developer for $13M

The dozens of people who paid a collective $6.5 million for condos at Uptown 240 will split just $75,000 from the sale.

United statesSummit countyTown of dillonPaul urtzMiller urtzChantelle ottoborgoJohn gazzoThomas mcnamaraKeri rileyPorritt groupHilco realJudge thomas mcnamaraDillon driveSummit dailyCallcomm mining

Condo buyers will lose $6M in proposed Summit County sale

They deposited $6 million for condos in Dillon. They will get $75,000 back.

United statesSummit countyTown of dillonThomas mcnamaraChantelle ottoborgoRichard lapierreMike shermanMason benderKeri rileyNathan johnsonCommittee of unsecured creditorsLake dillon driveUs bankruptcy courtPorritt groupUptown shotSummit daily

Failed Dillon condo project in precarious spot after low $13M bid

The top offer isn’t enough to make lenders and builders whole, let alone condo buyers.

United statesPaul urtzChantelle ottoborgoGabrielle palmerKeri rileyMatthew benderThomas mcnamaraPorritt groupUs trustee officeLake dillon drive developerFailed dillonDillon driveHilco realSummit countyWall street journalJudge thomas mcnamara

Bankrupt condo development site in Dillon hits the market

Uptown 240, valued at $30 million now, broke ground in 2019 but still consists of nothing more than a foundation.

Chantelle ottoborgoTerry rochfordDanilo ottoborgoCarolyn skowyraPorritt groupUptown shotSummit dailyHilco real estateDillon driveHilco realMayor carolyn skowyra

Not viable : Debt holder tries to take over bankrupt Dillon condo project, Uptown 240

A bankrupt and unbuilt condo complex in Dillon that would-be residents have sunk millions of dollars into is slowly wasting away, worth far less than what its developer claims and likely cannot be completed, according.

United statesChantelle ottoborgoPaul urtzDanilo ottoborgoKeri rileyUs bankruptcy courtPorritt groupLibby stanfordSummit daily

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