Historic Miami Theater Faces Foreclosure Amid Contract Suit

Law360, Miami (January 17, 2013, 9:16 PM ET) -- Miami's historic Coconut Grove Playhouse, shuttered since 2006, was hit with a foreclosure suit Tuesday by local developers who accuse the theater of conspiring with the county and breaching a development contract.

GH Mortgage LLC, an entity affiliated with Miami-based Aries Management & Development LLC, filed a suit in Miami-Dade County court seeking to foreclose on the theater. The foreclosure action came just a few days after Aries Playhouse Development LLC sued the theater and the county for allegedly conspiring to push it out of a...
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