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Opus has hired counsel to explor restructuring options forits Phoenix-based operatingh company, Opus West, according to Winston Hewett, a company spokeswoman. The restructuring could include filing for Chaptert11 bankruptcy, similar to actio taken by its Atlanta-based Opus Soutn subsidiary April 22. In early May, threee weeks after the Hill Countrhy Galleria in Bee Cave was postedfor Opus' business entity set up specifically for the outdoor mall filed for Chapter 11 bankruptcyt protection in Austin. Opus West stateed at the time thatthe mall's bankruptcy will enabler the company to restructure its constructio loan.
The company was unables to refinancethe project's short term which resulted in the foreclosure posting in April. The which opened in is anchored by Barnes & Noble and Dick'sx Sporting Goods. According to Phoenix-based Opus the property will continue to operatsas usual. Also in May, Opus West Presidenrt Thomas Roberts leftthe
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