Chattanooga's Clark Center Endures Foreclosure

According to the Chattanoogan.com, the Clark Center on the Southside is set for foreclosure, but on reading the complete story, it appears that the developer still owns two of the condos, and those condos are being foreclosed upon, and perhaps some of the retail space, owned by the developer, as well. Saying that the center is being foreclosed upon is a little sensational, but it does not appear (at least from the Chattanoogan's story that the restaurant, coffee shop, or other retail spaces in the center will close. Nor does the story address the status of the development's residents, but it does not seem likely that the foreclosure will affect tenants who already own residential units.