Fort Lauderdale High End Home Builder Glenn Wright Facing Lawsuits

Posted by John Sabia on Monday, February 23rd, 2009 at 12:07pm.

If you live on the east side of Fort Lauderdale, it is certain that you have heard of the new home builder Glenn Wright.  Wright is well known for his 2-story "mcmansions" in the Fort Lauderdale neighborhoods of Rio Vista, Victoria Park and Coral Ridge. Wright's grandest project, La Preserve, envisioned to be a luxury gated home community in a natural setting remains unfinished and as the Sun-Sentinel reports; 39 of the 67 homes are in foreclosure.* Wright, a prominent name in home building is facing several lawsuits from angry would-be homeowners, contractors and projects that remain unfinished.* It is reported that Wright's development companies are in the red for more than $100 million.   The developer has deeded at least 106 of his company's properties to a private firm that specializes in debt restructuring.* *source: Sun-Sentinel.  You can read more of this story in the full article at Sun-Sentinel. Search Fort Lauderdale homes for sale Return to Fort Lauderdale Real Estate home page.

John Sabia

1 Response to "Fort Lauderdale High End Home Builder Glenn Wright Facing Lawsuits"

caroline wrote: Yes I heard...scandalous....Oh well just more bargains out there....

Posted on Wednesday, March 4th, 2009 at 12:09am.

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