CORPUS CHRISTI, Texas — A foreclosure notice has been filed for One Shoreline Plaza, the twin-tower complex that stands as the tallest building in South Texas.
Court records show Wilmington Trust, acting as trustee for a commercial mortgage trust, posted notice of a substitute trustee’s sale on Sept. 15. The filing states that One Shoreline Plaza, LLC, the Delaware-based borrower, is in default on a loan secured by the property.
The notice says the property – which includes both towers, the plaza and the parking garage – spans more than two acres in downtown Corpus Christi and will be sold to the highest bidder in accordance with Texas law. Wilmington Trust, as the lender, reserves the right to make a credit bid at the auction…