Vue Condo Creditors Attempt To Force Bankruptcy

The Vue at Lake Eola downtown Orlando

Orlando’s The Vue Condos are back in the news as six creditors attempt to force Orlando’s tallest condo project into liquidation.

The various banks and insurance companies filed a Chapter 7 petition on Oct. 1 against The Vue Orlando LLC. The petition claims The Vue Orlando owes the firms a total of $14.6 million in loans.

The Vue At Lake Eola
The Vue At Lake Eola

The Vue at Lake Eola, a 375-unit, $100 million condo tower at 150 E. Robinson St., broke ground in spring 2005 and was completed about three years later.

The 36-story condo tower has sold the majority of its units, however developers Churchill Development Group LLC and Westminster Partners LLC my soon find they are no longer in the driving seat.

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  1. Attorneys for the VUE are now saying that they will be attempting a Chapter 11 Bankruptcy instead of Chapter 7. According to the Sentinel less than half the units have sold and there is still over $82 Million in debt on the property.

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