TuesdayJuly 22, 2025

$28M foreclosure ruling sends The Chauncey, other properties to auction

The high-rise, in addition to Plaza Towers and Park@201, faces foreclosure after developer defaulted on loans
By: Annie Smith Barkalow|April 17, 2025
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    • The Chauncey, at 404 E. College St., is Iowa City's tallest building at 15 stories. The high-rise is home to Hotel Chauncey, FilmScene, SpareMe! Bowl & Arcade, fix! Coffee and several office and residential units.

    The Chauncey, at 404 E. College St., is Iowa City's tallest building at 15 stories. The high-rise is home to Hotel Chauncey, FilmScene, SpareMe! Bowl & Arcade and several office and residential units. CREDIT ANNIE SMITH BARKALOW

    A series of high-profile downtown Iowa City developments are slated for a sheriff sale following a court ruling in favor of GreenState Credit Union, which filed a foreclosure suit against developer Marc Moen and his associates for allegedly defaulting on approximately $28 million in loans.

    In a lawsuit filed Feb. 4 in the Iowa District Court for Johnson County, GreenState requested the court to authorize foreclosure proceedings…

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