Developer Bob Bisno is no longer in the driver’s seat at Ponte Vista, following the move by creditors last week to seize control of the project.
Credit Suisse was a leading investor and is now in charge of the development.
That’s about the only certainty at this point, as the bank’s DLJ Real Estate Capital Partners regroups and plans the project’s next steps. No public announcements have been made as to the direction the new developers may take.
See last Saturday’s Daily Breeze story for community reaction to the big news.
Friday, December 19, 2008
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