Chateaux on Central Files for Bankruptcy

March 13th, 2007 @ 10:09am by Adam Kress/The Business Journal

One of the ritziest condo projects in Phoenix has gone bankrupt before it could even open.
The developer of the Chateaux on Central project filed for bankruptcy protection and is seeking refinancing to keep the project afloat.

The company's plans are to gain $28 million in new financing and emerge from bankruptcy this month, according court filings.

According to the project's web site, the condos - just north of downtown - start at more than $2 million.

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