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One Oliver owners ask court to dismiss bankruptcy. (One Oliver Plaza Associates L.P.)
Partnership reverses course; Mellon Bank may seek auction
DOWNTOWN - Eight months after declaring bankruptcy, the limited partnership that owns One Oliver Plaza has changed its mind, filing a motion to dismiss the case altogether.
One Oliver Plaza Associates L.P., which purchased the 39-story office building in 1983, made the request three days before the deadline to submit its reorganization plan. U.S. Bankruptcy Court Judge Bernard Markovitz will hear One Oliver Plaza's motion to dismiss on Jan. 7.
Mellon Bank Corp., the building's $93 million mortgage holder, has yet to respond and its attorney, Eric Schaffer, declined comment.
Those familiar with the case expect Mellon to oppose the dismissal, asking the count to auction the 610,000-square-foot …
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- One Oliver Plaza files for bankruptcy. (One Oliver Plaza Associates L.P.)
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Magazine article from: Pittsburgh Business Times
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Magazine article from: Pittsburgh Business Times
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Magazine article from: Pittsburgh Business Times
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Magazine article from: Pittsburgh Business Times
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Magazine article from: Pittsburgh Business Times
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700+ words
