North Miami Office Tower Faces Foreclosure

Apr 25, 2011 No Comments by

Wells Fargo Bank filed a foreclosure lawsuit April 13 against Causeway Square and Irwin Tauber, CEO of Bay Harbor Islands-based Taubco, over a mortgage last modified at $53 million in 2008. The building was completed in 2009.

The mixed-use project, located at 1801 NE 123rd Street in North Miami, has 285,283 square feet of total space, with 166,747 square feet for office and retail. LA Fitness occupies the entire second floor, while the first floor has retailers and the top two floors have offices. It has a parking garage, as well.

Tauber is well-versed in foreclosures. He was also named in a foreclosure lawsuit against his Biscayne Harbor Shops in Aventura and two properties in Bay Harbor Islands.

Source: SFBJ

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Industry News, Miami-Dade County Office, NA, Office
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