While not abandoning the possibility of completing the project itself, Uptown 240 has hired a real estate company to sell its embattled condominium project in downtown Dillon at a bankruptcy sale later this year. Hilco.
The president of Uptown 240, the stalled condominium project in Dillon’s town core, told the Dillon Town Council on Tuesday, May 16, that the company could emerge successfully from bankruptcy proceedings and complete the project.
The Dillon building department notified representatives of Uptown 240, the stalled condominium project in the town core that filed for bankruptcy earlier this year, that the building permit and, with it their vested rights in.
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.