Dec
02

Kahn Loses Portion of Village at Sandhill to Foreclosure

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Columbia businessman Alan Kahn will lose to foreclosure a portion of his 300-acre Village at Sandhill shopping complex in Northeast Richland, along with various other property holdings, in a settlement of a $100 million Chapter 11 bankruptcy filing.

The foreclosed properties at Village at Sandhill include three portions of the sprawling complex at the corner of Clemson and Two Notch roads – the Marketplace Phase II retail center, the VAS Condominiums and another undeveloped parcel. The Marketplace retail center holdings are on the west side of the 640,000-square-foot shopping complex and include the Super Bi-Lo and about 30 smaller shops. The undeveloped land sits behind that portion of the shopping center. And the condos are in various spots around a center fountain.

Another Columbia property formerly owned by Kahn – Dutch Plaza, an office building in St. Andrews – also is being foreclosed on in the massive bankruptcy deal. Two additional former Kahn properties caught up in the bankruptcy filing, a downtown Columbia warehouse and a residence in Isle of Palms near the S.C. coast, either have been sold already to help pay back the creditor, or will be sold soon, Kahn said.

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