Centerpoint condos sold for $30 million. The development sold for $105 million less than the mortgage provided by Mortgages Ltd. to build the tower project when they declared bankruptcy in mid May of 2008. The purchase is still subject to the approval by the bankruptcy courts and the investors of the Zaremba Group a Cleveland based real estate company who is purchasing the Centerpoint condo project. It is estimated that it will take approximately $75 million to finish both towers.


