Getting your player ready...
U.S. Bankruptcy Court Judge Michael Romero will allow the construction lender on the Landmark condo and retail development in Greenwood Village to take ownership of the project.
Hypo Real Estate Capital is taking control of the Landmark because developer Zack Davidson defaulted on a debtor-in- possession loan agreement in which he was supposed to pay Hypo $10 million by May 20. He paid Hypo $5.8 million from the sale of nine condos over the past six months.
Romero also approved the appointment of Andrew Miller, managing principal of Denver-based Miller Frishman Group, as chief restructuring officer for the Landmark.
