|By Jeff Ostrowski, The Palm Beach Post,
Fla.McClatchy-Tribune Regional News
Mar. 20, 2009 --Bank of America has filed a $13.4 million foreclosure action against the Comeau Building, a downtown West Palm Beach landmark Owner NCP Holdings of Chicago said last year that it would turn the 80-year-old building at 319 Clematis St. into a 162-room Renaissance Hotel, a Marriott brand.
NCP Investments also planned to turn the Southern Bell building at 326 Fern St. into a 150-room hotel operated as an Aloft by Starwood.
But both projects have been on hold as the credit crunch has deepened.
To see more of The Palm Beach Post -- including its homes, jobs, cars and other classified listings -- or to subscribe to the newspaper, go to http://www.palmbeachpost.com.
Copyright (c) 2009, The Palm Beach Post, Fla.
Distributed by McClatchy-Tribune Information Services. For reprints, email firstname.lastname@example.org, 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. BAC, 8648, MAR,