Ocoee developer files Chapter 11 to halt foreclosure on $32.75M commercial properties
Planned developments Lake Bennett Village-Ocoee LLC and Maine Boulevard II LLC filed for Chapter 11 bankruptcy protection on April 7 in the U.S. Bankruptcy Court for the Middle District of Florida, Orlando Division.
Both companies, which are operated by developer David Townsend, listed their principal business address as 5237 Isleworth Country Club Drive in Windermere.
The filings triggered automatic stays on certain collection and legal actions against the entities — coming days before scheduled foreclosure sales of the properties represented by those businesses.
Townsend has requested joint administration for the cases.
He told Orlando Business Journal the Ocoee properties associated with Lake Bennett Village and Maine Boulevard II are within the larger City Center West Orange acreage. "There isn't much to say about it. The plans are going to permitting and we expect to be starting construction within four to six months."
