Crenshaw Sepulveda's Blog

Nov. 12, 2009 at 1:16pm

Mecca in foreclosure?

No soup for You!!

I am hearing from a reliable source that the Mecca is in foreclosure.  No big surprise here but another blow to the once illustrious Gintz Group.  The Mecca was bad luck for Judge Hecht and it seems that the bad luck continues for the Gintz Group.

comments [7]  |  posted under Tacoma Mecca Chicken Soup

Comments

by NineInchNachos on 11/12/2009 @ 1:25pm
bummer dude

by L.S.Erhardt on 11/12/2009 @ 5:00pm
Man this really blows, another property going down. It just sucks that everything in that location seems to end up going tits up. Talk about getting the shaft... geeze. I guess the place is cursed or something.

by seejane on 11/13/2009 @ 11:25am
I wonder how their other properties are doing? Anyone know about 27th Street Station or their Lofts on 9th a couple blocks above Tacoma Ave or the mixed use project on hill-top?

by Jake on 11/13/2009 @ 12:48pm
The Ninth Street Flats off 9th and Yakima isn't their project if that is the one you were thinking about.

by Nick on 11/13/2009 @ 2:49pm
"Ninth Street Flats" = NSF

Maybe the jinxed it?

by seejane on 11/13/2009 @ 3:24pm
I looked into partnering with them on a 47 unit development. Perhaps the 9th Street Flats were used as an example of a style, or a price per s.f. for rents.

They are nice enough guys - but the real estate economy is biting them in the ass. I feel for them.

by TDI-Reporters-Notebook on 7/15/2011 @ 2:14pm
fyi: from this week's 'tacoma weekly' . . .

MECCA BUILDING SOLD

The Mecca Building in downtown was sold for $3.61 million during a foreclosure sale outside the County/City Building on July 8. It was purchased by Owens Mortgage Investment, which had loaned the prior owner, the Gintz Group, $3.5 million to buy and remodel the building. It housed an adult movie theater for 30 years. The Gintz Group converted the structure into 12 residential units and two retail spaces. The ongoing recession caused financial problems for the Gintz Group and the project went into foreclosure earlier this year.

www.tacomaweekly.com/news/city/city_brie...