Once high-flying South Florida developer’s properties now unfinished, derelict
Glenn Wright’s fortunes soared with the city’s hunger for luxury real estate. His two-story Georgian homes rose up in older neighborhoods, much to the chagrin of residents who derided them as “McMansions.”
But the developer who once was one of the biggest names in high-end Fort Lauderdale Is your Fort Lauderdale restaurant clean? – Click Here. construction quietly has deeded at least 106 of his companies’ properties to a private firm that says it specializes in debt restructuring and bailing out troubled assets.
Wright has left a trail of lawsuits, unhappy contractors, angry would-be homeowners and unfinished building sites. His development companies are in the red for more than $100 million, according to Blair International, the company that now holds Wright’s properties.