The project is a 500,000 mixed-use project near Aspen, Colorado, anchored by a Whole Foods Market. But it almost didn’t happen. Whole Foods twice canceled its lease due to construction delays. The bank replaced the troubled developer with Cordes & Company, acting as receiver, to clean up the project, modify lapsed development and construction approvals, sell off completed condominiums, address tenant concerns, and support a national marketing effort to find a suitable buyer. The property was acquired by a new owner in 2011. Whole Foods signed a new lease and construction resumed – much to the satisfaction of tenants and the city. The bank was able to recover $12 million.