Future of office tower uncertain if anchor tenants pull out
DOWNTOWN - Twelve months after filing for Chapter 11 bankruptcy, the owners of One Oliver Plaza are back where they started, with a 39-story office building, a $93 million mortgage and problems galore.
One Oliver Plaza Associates L.P. officially pulled the plug on its bankruptcy proceedings two weeks ago, paying Mellon Bank Corp. a court-ordered $956,113 to have the case dismissed.
But the story does not end there.
In fact, the owner and the building's mortgage holder could be headed for even more imbroglios, with a fraud suit still between them and the building's two largest tenants planning …