A reader wonders what is up with the Marlborough?
After a big launch party touting Live Historic’s conversion of the project to condos, reverting back to apartments after poor sales, it was foreclosed upon in February 2009 for defaulting on $19 million in debt to Chinatrust Bank, to be bought back for $18 million in June 2009 b Chinatrust Bank. Chinatrust then unloaded it for $13m to HF MARLBOROUGH HOUSE LLC in September of this year. This LLC appears to have ties to Equity Lifestyle, a publicly traded real estate investment trust out of Chicago.
And now there appears to be some activity going on:
Heard anything about what’s going on at The Marlborough on Boren and Seneca?
It’s having its front re-done and there’s some activity going on in the last couple of weeks after a few years of closure. Any word about what’s up?
My guess is that they’re prepping to bring these to market as apartments.