A limited-liability corporation has taken control of the building that is home to Jean-Pierre Bakery on Main Avenue.
The group, called Durango Main Avenue, LLC, took assignment of the promissory note and deed of trust May 21 from First Southwest Bank, according to records filed with the La Plata County Treasurer.
Jean-Pierre Bléger could not be reached for comment Wednesday. A manager at the bakery said he was observing Bastille Day.
According to the Colorado Secretary of State, the Durango Main Avenue, LLC was formed May 18, and the registered agent is John Wells, owner-broker of The Wells Group in Durango.
Wells said he couldnt comment in detail about the group or its effort to take control of the building. The owner has filed for Chapter 11 bankruptcy protection, and the group doesnt want to interfere in anyway with that process, he said.
Wells also declined to identify the members of Durango Main Avenue, LLC, but he said theyre all local people.
Durango attorney David Bode, who represents the Durango Main Avenue, LLC, declined to comment about the group or its members, citing attorney-client privilege.
Ill talk to my client and see if any of them want to talk to you, he said at 5:30 p.m. Wednesday. No partners had returned a phone call as of 6:30 p.m.
Bill Carver, owner of Carver Brewing Co., seemed to be familiar with the Durango Main Avenue, LLC, but he declined to discuss the purchase of the building in any detail.
We havent bought the building or business, Carver said. Its so preliminary, and nothing has happened. I dont think anything is going to happen for months, if it does happen.
The building was bought in 2003 for $1.6 million by Bourbonneux, a limited-liability company registered to Rebecca Bléger, wife of Jean-Pierre Bléger. The county assessor valued the property at $1.9 million in its most recent assessment.
About $1.4 million is owed on 601 Main Avenue.
Another Bourbonneux property at 873 E. Third St., near Horse Gulch, is also embroiled in foreclosure, on a $747,000 balance due. The Durango Main Avenue, LLC, did not acquire the promissory note and deed of trust for that property, Wells said. The note and deed are being held by the First Southwest Bank.
Both properties went into foreclosure Feb. 4. Proceedings in the foreclosures have been postponed after a bankruptcy was filed June 15.