The entity that operates recreational facilities at Palm Greens, a senior condo complex in suburban Delray Beach, has filed for bankruptcy, blaming its financial problems on home builder Lennar for allegedly breaching a contract to build a new clubhouse for the community in a timely basis. The entity that filed for bankruptcy is called Palm Greens.
Lennar, however, says Palm Greens, built 40 years ago, has itself to blame for its financial problems.
In the bankruptcy filing, Palm Greens said it plans to continue to operate during the reorganization. It oversees and operates recreational facilities for residents in the 55-plus communities of Delray Trails and Palm Greens. Between them, there are nearly 2,000 residences…