The date for some of Iowa City’s best-known downtown buildings to be sold at a sheriff’s auction has been set. In April, GreenState Credit Union foreclosed on four properties owned by real estate developer Marc Moen and business associates. The properties — The Chauncey (404 E College St), Plaza Towers (221 E College St), Park@201 (201 E Washington St) and the parking lot adjacent to the downtown Starbucks (102 E Burlington St) — will be sold by the Johnson County Sheriff’s Office on Tuesday, Nov. 18.
Other than The Chauncey, the names of the buildings may not be immediately recognizable, but the other two are very familiar to Iowa Citians. Plaza Towers is the 14-story building on the Ped Mall that houses Bread Garden Market on its ground level, and Park@201 is the glass-sided building on the Ped Mall by Black Hawk Mini Park.
GreenState sued Moen and his associates on Feb. 4, claiming they had defaulted on about $28 million in payments on loans made between 2016 and 2023…