A Baltimore Circuit Court judge has given the go-ahead for Citigroup to sell property in South Baltimore's Westport neighborhood that is owned by developer Patrick Turner, according to court records.
In November, lender Citigroup Global Markets Realty Corp. filed a foreclosure action against Turner-affiliated companies, alleging they owed nearly $32 million on a 2007 loan. Several parcels of land -- 2401 through 2417 Kloman Street -- were secured as collateral for the loan, according to court records.
Turner has not contested the action in court, records show. His plans for a massive, mixed-use development on the land, on the western shore of the Middle Branch of the Patapsco River, were derailed by the recession.
On Monday, Judge David W. Young entered an order indicating that he had reviewed the foreclosure case and authorized it to proceed. Typically, that means an auction to sell the foreclosed property will be scheduled by the lender.
Citigroup is required by Maryland law to publish in a newspaper a notice of sale at least 15 days before the auction.
Last year, Turner told the Sun he was seeking new financing and intends to move forward with the project. He did not respond to a voicemail Tuesday. Attorney Matthew Oakey, a trustee acting on Citigroup's behalf, said he could not comment on the case.
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