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One Oliver Plaza exits bankruptcy, but enters a new, difficult chapter.
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 …
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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
Fitzpatrick, Dan
April 15, 1996
700+ words
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- One Oliver owners ask court to dismiss bankruptcy. (One Oliver Plaza...
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Magazine article from: Pittsburgh Business Times
Fitzpatrick, Dan
December 9, 1996
700+ words
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- Mellon to foreclose on One Oliver Plaza; may be largest real estate...
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Magazine article from: Pittsburgh Business Times
Fitzpatrick, Dan
February 20, 1998
700+ words
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- FreeMarkets Online sets its sights on One Oliver Plaza for expansion.
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Magazine article from: Pittsburgh Business Times
Kovatch, Karen
October 30, 1998
700+ words
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- Oliver Building onwers' group accuses Mellon Bank of fraud; lawsuit claims...
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Magazine article from: Pittsburgh Business Times
Fitzpatrick, Dan
May 27, 1996
700+ words
