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Norfolk condominium project facing foreclosure

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A $200 million condominium project will foreclose by the end of the month, according to the Virginian-Pilot.

Futura Group LLC stopped construction on its Spectrum project about a year ago after losing financing, and Wachovia has said it will foreclose the property.

Spectrum was planned for 15 acres on Norfolk’s Willoughby Spit, near the Hampton Roads Bridge Tunnel. It would have included 327 units, a restaurant, retail space and marina. (The Virginian-Pilot)


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