The general contractor of a partially complete, abandoned high-rise building in Jacksonville, Fla., is seeking a buyer for the property it recently acquired by foreclosure. When the developer defaulted on a $12.4-million civil award due the contractor for nonpayment and breach of contract, the court cleared the way for Choate Construction Co. to seize the project.
Construction on the building in Jacksonville, Fla., was halted in December 2007, after an attached six-level parking garage partially collapsed during concrete placement on the top level. A laborer was killed and 23 other workers injured in the pancake collapse.