Last Lien Claim on LR's Riviera Condo Project Settled After Foreclosure Action

by Arkansas Business Staff  on Monday, Sep. 6, 2010 12:00 am  

A $92,049 lien claim on Little Rock's Riviera Condominiums project erupted into a recent foreclosure suit that was dismissed five days later.

Boyd Corley Construction LLC, general contractor on the $11.6 million construction project, filed the lien in May 2009.

The claim for unpaid work and materials on the parking garage and condos led to a foreclosure action filed last month in Pulaski County Circuit Court against Riviera Partners LLC, led by Tom Rystrom.

The disputed amount had been whittled down from a $1.1 million claim in March 2009.

The parties "reached a full and final settlement" shortly after the foreclosure filing on Aug. 19, according to court documents.

Completed in March 2009, the Riviera project has attracted three sales totaling almost $1.3 million.



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