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SJ Properties Suites Buyco EHF, which includes an investor from Reykjavik, filed the petition Monday in Milwaukee CountyCircuitf Court. Judge Mel Flanagan scheduled a heariny for June 30 on a motion to appoinft Milwaukee attorney Seth Dizard as the Work stopped in December 2008 onthe high-riswe at 1150 N. Watefr Street when the construction managee and developer DOC Milwaukeebecame insolvent, accordingf to the receivership petition. The Icelandi c investors said that in Novembetr 2006 they provided an advanceof $17.e million for a 120-room extenderd stay hotel and at least 18 luxurgy condos. The project also received $13.
4 million in financing from a unit of in which in May was placed in receivership by the The Milwaukee receivership petition said the property on Water Streer alreadyhas furniture, flooring and fixtures in the Staybridgwe portion of project. Liens against the project total morethan $3.4 according to the receivership petition. The largest liens were filed by Milwaukee-area contractorz and suppliersUihlein Electric, , and Klein-Dickert. SJ Properties recentlh sued DOC Milwaukee and Economou Partnersin U.S.
Districgt Court in Milwaukee claiming a fraudulent transfer of fundws intended for the WaterStreet
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