After a five-year legal slugfest, New York developers Joseph and Meyer Chetrit have officially lost their grip on the storied Art Deco Tides Hotel, with a court-ordered foreclosure sale handing the keys to the lender. The 13-story, 45-room hotel at 1220 Ocean Drive, which has been shut since Hurricane Irma in 2017, was auctioned off after a final judgment that ballooned into the tens of millions of dollars. The sale caps a long, messy public fight over unpaid mortgage debt and disputed insurance money.
Safe Harbor wins auction as judgment tops $95M
According to Bisnow, Miami-based lender Safe Harbor Equity emerged as the winning bidder in the Miami-Dade online foreclosure sale, with the sale recorded at just $10,300. Miami-Dade County Circuit Judge…..