Crews begin cleaning up site of failed Granby Tower project

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The empty site of the failed Granby Tower project, seen in September 2008. (Steve Earley | The Virginian-Pilot)

By Harry Minium
The Virginian-Pilot
© July 4, 2009

NORFOLK

Just in time for Harborfest, the debris, overgrown weeds and two small lakes on the site of the failed Granby Tower condominium project are being cleaned up.

Earlier this week, workers began draining rain that accumulated in two large holes. Friday morning, crews began using two earth movers to mow down the weeds, remove construction debris and level out mounds of dirt.

City officials had warned developer Buddy Gadams months ago to clean up the site, which sits at the entrance to the downtown restaurant row on Granby Street. The developer reacted by installing black mesh on fencing surrounding the site.

Granby Tower was to be a $180 million, 34-story condominium project that would have been the city's tallest building and the second tallest in the state. It would have had 302 condo units ranging in price from $270,000 to $1 million, as well as some retail and office space.

However, it fell victim to the collapse of the financial markets.

After losing his financing, Gadams halted construction in September 2007, two months after Turner Construction began work on the project.

Gadams' company, 515 Granby LLC, has been the subject of numerous lawsuits ever since. Several people who placed deposits to hold condos have sued to get their money back. Many have been settled out of court.

Turner Construction and subcontractors are seeking more than $20 million in payment for construction costs. Circuit Court records indicate those cases will go to trial in October.

Gadams has not spoken about the project publicly in months, but city officials say he continues to search for financing to resume the project.

Harry Minium, (757) 446-2371, harry.minium@pilotonline.com

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Who is paying for the clean up?

Submitted by paulm92002 on Sat, 07/04/2009 at 2:31 pm.

I hope it is not the city / citizen's tax dollars.

Of course it is

Submitted by aalto on Sun, 07/05/2009 at 8:20 pm.

Look at who is the spokeperson. The developer keeps his mouth shut. The city is the person speaking out.

Norfolk is paying for this.

They gotta clean it up

Submitted by hurdboy on Sat, 07/04/2009 at 11:42 am.

They gotta clean it up before they start putting in the Wal-Mart.

I have an idea...

Submitted by csh on Sat, 07/04/2009 at 11:34 am.

They could use the lot to build a Wal-Mart downtown, with a built-in light-rail terminal...

bank of the commonwealth

Submitted by hg71180 on Sat, 07/04/2009 at 9:50 am.

this is another of the banks GREAT loans...will the bank have 2 pay 4 the clean up????do they have the first deed????if u own stock in the bank ask if u own this hole at the stock holders meeting this month....will woodard answer the ???!!!

Maybe Barclay Wynn can landscape the area.

Submitted by jpjones on Sat, 07/04/2009 at 9:08 am.

Throw in a coupla trees and shrubs and some grass seed. He raked in a cool $250K from Town point Park which he "forgot" to mention during council meetings.