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Article: Lender a tottering symbol of the U.S. property bust; A tottering symbol of the property bust ; The lender Corus poured all its resources into condominium builders
- Article from:
- International Herald Tribune
- Article date:
- September 11, 2009
- Author:
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Eric Dash
International Herald Tribune
09-11-2009
Lender a tottering symbol of the U.S. property bust; A tottering symbol of the property bust ; The lender Corus poured all its resources into condominium builders
Byline: Eric Dash
Type: News
A 26-story condominium -- begun in 2006, just as the Florida real estate market imploded -- is one of the many troubled condominium projects that have mired Corus Bankshares in red ink and threaten its survival.
On the corner of Flamingo Road and Pink Flamingo Lane, beyond the putting green, the crystalline lagoon and the Sawgrass Mills mall, a soaring monument to the great condominium bust bakes under the Florida sun.
The Tao Sawgrass, as the ...