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Suit Filed Against Kenwood Towne Place Developers


Last Update: 5/29 9:04 pm
Developers for Kenwood Towne Place in Sycamore Township are now facing a lawsuit.

A 300-plus page lawsuit was filed by Bank of America, who has dished out more than $96 million in commercial loans for the development.

Bear Creek Capital, the developer of Kenwood Towne Place, is named in the suit.

Construction has halted in parts of the unfinished shopping center because of liens on the property.

Bank of America is asking for Kenwood Towne Place to be foreclosed and sold to a Cleveland-based company so the development can move forward.




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