Craig Van Horn Blowback
(http://www.metrojacksonville.com/images/springfield_night/DSC_0005.jpg)
Urbanjacksonville.info (http://www.urbanjacksonville.info) broke the news that Craig Van Horn (Folio's 2003 Man of the Year) is in foreclosure process on his ill-fated Silverleaf Condo project deep in the heart of Springfield. The foreclosure news follows Van Horns bizarre demand for a 36 thousand dollar deposit from a prospective tenant at his five time losing 9th and Main restaurant locale, leading many to suspect that the two event were probably related.
Full Article
http://www.metrojacksonville.com/content/view/450
... I just reported it. Thanks to Moved south for a strangely keen eye in noticing the foreclosure papers on a city government website. Thanks to the SPAR forum for hipping me to the news.
This is very interesting. Van Horn also has his 9th and Main lot on the market for $1+ million. As a fellow real estate owner/risk taker, I hate to see anyone go down in flames like this. A foreclosure will also seriously hamper his ability to get good financing for years to come. Unless something changes significantly, I would be shocked to see 8th and Pearl ever come out of the ground under Van Horn's ownership. And, I want to make clear that I have nothing against him. These are just my observations on the subject. I wish him well, in fact, and hope I am wrong.