Very good news for the good people of Cleveland, Ohio.

Here is news from reporter Marty Finley at Louisville Business First:

“Even as the Florida-based owner of downtown Louisville’s The Starks Building searches for a new developer to take over the nearly vacant building, the company has sold another large office property that was facing possible foreclosure [emphasis added] in Cleveland.
     The Cleveland Plain Dealer reports that Delray Beach, Fla.-based Hudson Holdings recently sold the nearly vacant 925 Building to a Cleveland buyer in MIllenia Cos. for $40 million. The sale saves the massive tower, which exceeds 1.3 million square feet, from the brink of foreclosure, according to the report.”


Fortunately for the City of Lake Worth, Hudson Holdings is no longer involved with the historic Gulfstream Hotel. More good news is the approvals to move forward with this project remain in place.

Hudson Holdings: “5 STAR LUXURY
COMING SOON”?

“THE GULFSTREAM HOTEL”.
 

Cleaning up the mess.
Click on image to enlarge:

This banner is no more either.

Remember Hudson Holdings and
“Preserving Tomorrow”?

“Preserving Tomorrow”? “[T]his elegant property is undergoing a multi-million dollar face lift.”

Now with Hudson Holdings out of the picture. . .

“The Gulfstream, located two hundred yards from the ocean and in the heart of downtown Lake Worth, Florida, will combine old world charm with
modern amenities.”

“The 115 room main hotel has a planned expansion of 135 rooms, parking and off street retail.”