Houston: One By One Commercial Buildings Collapse The upscale Montage apartment tower across from Hermann Park fell into foreclosure this week, just months after its twin The Mosaic suffered a similar fate. It's the latest turn of events for the high-end residential project built in the second half of the 2000s. With nearly 800 units in the twin towers combined, real estate observers expressed concern after the project was announced that there would be enough demand in a city where high-rise living isn't the norm. Both 29-story buildings originally were planned as for-sale condominium towers. But after sluggish sales, the developer said at the end of 2008 it was turning the second building into a rental tower and renaming it Montage. A subsidiary of Corus Construction Ventures foreclosed on the property Tuesday, said Jim Dow, a senior vice president with the firm. The company took over the loan on the building after the original lender, Corus Bank, was seized by the Federal Deposit Insurance Corp. late last year. 29-story Houston tower joins its twin in foreclosure | Business | Chron.com - Houston Chronicle ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Building after building is falling into foreclosure here in San Diego, too. The banks are taking a hell of a beating in my neighborhood.