|By Louis Llovio, Richmond Times-Dispatch,
Va.McClatchy-Tribune Regional News
Jul. 28, 2009--A federal judge made no decision yesterday on a request from owners of an upscale hotel under construction at West Broad Village for a temporary injunction granting them ownership of the building the hotel occupies.
The owners of Aloft Richmond West last week asked U.S. District Judge Richard L. Williams to grant a temporary injunction forcing the developer, Orlando Fla.-based Unicorp National Developments, to complete work on a parking garage, make infrastructure improvements and complete the purchase of a part of the hotel's building.
The hotel, in western Henrico County, is scheduled to open Aug. 6.
But in a filing yesterday, the hotel's owners narrowed their request, asking the judge only to grant ownership of the building to them because the developer is unable to pay for it, saying they will push for a permanent injunction on the garage and infrastructure later.
Aloft is in a five-story building. The hotel occupies the upper four floors; most of the first floor is for retail.
According to court papers, the hotel has owned the building while it has been under construction. Unicorp was supposed to market it to tenants and buy the building back before the opening. But the hotel's owners contend Unicorp was unable to come up with the money or tenants. Aloft's owners want to keep the building and handle the leasing.
West Broad Village, a 115-acre development, is under construction on West Broad Street in Short Pump. ------
Contact Louis Llovio at (804) 649-6348 or LLLovio@timesdispatch.com.
To see more of the Richmond Times-Dispatch, or to subscribe to the newspaper, go to http://www.timesdispatch.com.
Copyright (c) 2009, Richmond Times-Dispatch, Va.
Distributed by McClatchy-Tribune Information Services. For reprints, email email@example.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.