Thursday, January 13, 2011

Moving truck takes furniture out of 'Enterprise' model units

There's been no word since December about what's happening with the bank's legal action against Palermo's developer over the default on its development loan. Chicago-based Enterprise Cos. owes more than $13 million. A group auction of the 34 unsold "Enterprise" condos and the land in Phase 2 has been called off twice so far as the parties apparently try to work things out. Recent activity on the Phase 2 vacant land has included the loading of large amounts of water from the developed area's pipes into trucks. These trucks then traveled to Murano Palm Springs down San Rafael to use the water for a dust-control project at that Enterprise property. Some suggest that this action indicates Enterprise is still trying to hold on to the properties and is still maintaining them despite the foreclosure. In the absence of news from the bank, everyone is left to speculate. Now here's the latest development to ponder. A resident writes: "Hi Penny, I snapped this photo when leaving this morning through the back gate today. A big truck was being fill up with home and office furniture from the old model units, where Enterprise has its local headquarters. Stuff was lined up all along the road with the garage doors open showing even more stuff in there. Is Enterprise packing up or just doing house cleaning after all these years? Seems like odd timing to me, and please also take a look at the Enterprise vehicle parked on the recent green dust control application, where we residents where told not to walk or we'd have to pay for an application of green stuff on the dirt. Thanks." Miss Penny Lane says: She loves Palermo because there's always intrigue.

3 comments:

Anonymous said...

I wonder if they will continue the move-out today ...

Anonymous said...

I did not see trucks on Friday the two times I drove out. Whaat's up?

Anonymous said...

There were vehicles parked on the Green Glue on Thursday.