Dan Kodsi misses deadline in Legacy Miami Worldcenter foreclosure lawsuit

Developer Dan Kodsi missed a deadline to post a surety bond as part of an agreement reached with his lender, Monarch Alternative Capital, in the Legacy Miami Worldcenter foreclosure.  Kodsi’s Legacy MWC Trustee and Legacy MWC Land Trust have been wrapped up in litigation with New York-based Monarch since the summer over the construction loan backing the Legacy Hotel & Residences project site at Miami Worldcenter. Construction of the 50-story tower has been on hold since last year.  In an order Judge Spencer Eig entered in August, Eig said the developer had until Sept. 22 to post a $32 million […]

This article originally appeared on The Real Deal. Click here to read the full story.