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Bellaviva at Whispering Hills was no small project—it was estimated at $1.6 billion. The contract signed in 2021 involved a Dubai-based investment group and would have included over 5,500 residences, a medical center, restaurants, and more, in an area near Orlando, FL. 😶‍🌫️ It has just filed for bankruptcy protection.
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The company reports $50 million to $100 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-06655.
Shocked they seem to be well capitalized
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