The Carew Tower, one of Downtown's most iconic buildings, is facing foreclosure and more than $642,000 in delinquent utility bills just over a year after the building was put up for sale.
Lender Veles Partners LLC filed a foreclosure lawsuit against the building's owner, Greg Power, on Oct. 15 for defaulting on the mortgage, according to Hamilton County Common Pleas Court records.
Veles claims Power owed $9,664,656 in principal on the loan, about $93,630 in interest and $3,594 in late fees as of Oct. 5.
Power — a Downtown-based commercial real estate investor who owns the Carew Tower and the connected 561-room Hilton Cincinnati Netherland Plaza Hotel — was served a summons on Nov. 2.
Neither Power nor the Downtown-based attorneys representing Veles could be reached for comment Friday.