(Above left) Rendering by Skidmore, Owings & Merrill LLP of The Carillon, a 60-story condominium/hotel tower that would have replaced George A. Tripp House (above right) at 42 East Superior Street, along with 44 and 46 East Superior Street.
Documents submitted by law firm representing Carillon Tower developer created false impression, says official, that $49.5 million would be returned to Chinese investors.
28-Mar-22 A $50 million loan from a group of Bahrain-based investors, cited as collateral by the developer of a failed Superior Street skyscraper, was most likely non-existent and an act of fraud, according to a federal court official appointed by United States District Judge Charles P. Kocoras.
Attorneys for New York-based investor Jeffrey Laytin, a director of Symmetry Property Development, had claimed the Bahraini money would be used to pay back a group of Chinese investors.
More than a year ago, Kocoras appointed…