MPG Is Losing Its Prestige

In case you hadn’t heard, Safety Harbor-based Monroe’s Prestige Group is enduring troubled times in Miami-Dade County’s retail market. The South Florida Business Journal reports that Bank of America has filed foreclosure papers against the 127th Street Shopping Center in North Miami and Vista Del Lago in Cutler Bay.

Both complaints name Charles H. Monroe III, MPG’s president, and mark the fourth and fifth pending foreclosures in South Florida against Monroe and affiliated companies. Monroe says he is seeking investors and new financing on those projects.