Stoll Berne assisted in the acquisition of a semi-complete multi-building and multi-phase development project. Located on a prime, urban core development site, the project had been through the bankruptcy of one developer and foreclosure of another. David Lokting and Ben Leedy helped the client renegotiate the terms of a complex and long-standing development agreement with local government agencies to redesign the project scope and components and place the project in good standing for the client’s business plan. In the process, Lokting and Leedy addressed issues involving multiple condominium and owner associations and secure equity and debt financing for the acquisition of the project and final redevelopment.
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