Word: athenaeums
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...main reason for the stalled development is the widespread "credit crunch," according to David E. Clem, a partner of the Athenaeum group. "Banks have overextended themselves from commercial lending," he says...
...current lawsuit is the second filed by CCLN members against construction of the garage. Last October, the organization initiated legal action against the city and the Athenaeum Group, the project's local developer, charging that construction began without proper licensing...
...Athenaeum has complied with all the rules and regulations that we have been told to comply with," he said. "It is completed and has a valid occupational permit...
...Athenaeum Group, in turn, is suing CCLN for "threats, intimidation and coercion," as well as interference with its business. Finally, CCLN has filed a counterclaim calling the countersuit unjustified harassment...
Miyares contends that the garage does fit the definition of "commercial" as parking for a fee because the businesses that lease office space from the Athenaeum Group will pay for parking as part of their rent...