3 Eau Claire project seeking partner or new owner to continue

The owner’s representative and project manager for a financially-troubled downtown highrise twin tower development says the multi-million-dollar initiative is seeking a joint venture partner or new owner so it can move forward.

On Friday, it was revealed that the insolvent company, 3 Eau Claire Developments Inc., which owns the two-connected downtown tower project, has filed notice of its intent to make a proposal to dozens of creditors who claim they’re owed almost $38 million on the project that was to include residential condos and the new offices of Shaw Communications.

Read full story here.

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