Minneapolis Rise» Marmont http://www.minneapolisrise.com The Source For Minneapolis Commercial Real Estate Wed, 16 Nov 2011 13:23:46 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Proposed Luxury Apartment Complex In Minneapolis Files Bankruptcy http://www.minneapolisrise.com/minneapolis-real-estate-news/luxury-apartment-complex-minneapolis-files-bankruptcy/ http://www.minneapolisrise.com/minneapolis-real-estate-news/luxury-apartment-complex-minneapolis-files-bankruptcy/#comments Mon, 30 Nov 2009 22:10:59 +0000 Jason Sandquist http://www.minneapolisrise.com/?p=774 From Sam Black @ Twin Cities Biz Journal:

River View Holdings LLC, a Minneapolis-based entity run by Steve Frenz, filed for bankruptcy in U.S. District Court Nov. 13.

Frenz, who is also CEO of Minneapolis-based firm JAS Apartments, announced in 2008 that he planned to develop a 348-unit luxury apartment complex on the site.

According to bankruptcy documents, River View counts its only assets as three parcels that total 2.06 acres. It estimates that the parcels — 110 12th Ave. S., 124 12th Ave. S. and 1102 Second St. S. — are worth a combined $2.95 million. River View lists liabilities of $6.82 million.

(h/t Steve Ladin)

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