Community One Bank has begun foreclosure proceedings on the Village of South Main, a failed, partially-constructed townhome complex off South Main Street in Davidson. Only a dozen of the project’s planned 39 units have been built, and none have been sold. The developers have defaulted on about $4 million in loans, according to a notice posted at the site last week.
A foreclosure hearing is planned June 6 at 9 a.m. at Mecklenburg County Superior Court in Charlotte. Read the full story






