UA-8412995-1 The Southport Globe: From www.connpost.com 1/21/09
Showing posts with label From www.connpost.com 1/21/09. Show all posts
Showing posts with label From www.connpost.com 1/21/09. Show all posts

Thursday, January 22, 2009

Metro Center Plan Hit By Foreclosure Action

The developers of the Metro Center, the multimillion-dollar commercial complex proposed off lower Black Rock Turnpike, have been hit by a foreclosure action filed by a bank.
First Selectman Kenneth Flatto, reacting Wednesday to the news, said he remains confident the action will have no impact on the railroad station and commuter parking lot planned as part of the project. TD Bank, which holds a $10 million mortgage on the Metro Center project at 21 Black Rock Turnpike, filed a notice of lis pendens at the end of December with the Town Clerk's office against the developer, Blackrock Realty, and its principal, Kurt Wittek. The property foreclosure is pending in Bridgeport Superior Court.
Wittek's group has plans to develop the 35-acre site on lower Black Rock Turnpike into what would be the largest commercial project in Fairfield if it is fully built according to plans. The town and state are partners in the project, with primary responsibility for the rail commuter parking lot, a bridge into the development and related infrastructure.
"The town already has the acreage for the parking," Flatto said. READ MORE: http://www.connpost.com/fairfield/ci_11518532