clock menu more-arrow no yes

Filed under:

Smith Tower In Default

The owners of the almost-totally-empty Smith Tower is in default on a pretty massive (read: over $40 million) loan, and it's delaying the condos planned for the tower indefinitely. Originally, the condos were supposed to be the majority of the tower, then the top twelve floors, and now they don't really have a plan period. Rough. [urbnlivn]