Some juicy emails to former residents of Park Memorial leaked to Swamplot reveal new information about the proposed sale of the shuttered 4.85-acre property off Memorial Drive. The emails were sent by the condo complex’s board of directors, which apparently has quite a few problems to work out before the sale can go through.
First, about that mysterious buyer — whose name had apparently been kept secret from condo owners. The buyer is “now known as Detering Acquisitions,” according to the latest email. Detering Acquisitions is also the name of an LLC managed by Marvy Finger, president and CEO of apartment developer The Finger Companies.
According to the emails, 97 out of 108 Park Memorial owners want to sell the complex to this “unnamed” buyer for an agreed-upon price of around $17 million. But 11 others are seeking separate negotiations with the buyer, even though the buyer has indicated that he “will not negotiate” with the group.
This is also the group of people that filed the actions against the City, and that is now suing the Association (along with individual directors, the realty company, and an attorney).
And . . . there’s even more quasi-legal fun!
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