The developer of Onyx on the Bay, a 28-story highrise in 
According to court records, Corus Bank has filed a foreclosure action targeting 41 unsold units within the 118-unit condo tower.
Named in the lawsuit, which was filed April 29 in Miami-Dade Circuit Court, is Developer Biscayne Bay Lofts and the principals of the development partners, Willy Bermello and Luis Ajamil, of Miami-based BAP Developers, and Gustavo Micuslitzki, of Argentina’s GGM Developers.
Onyx appears to be the first to fall-Last month; the troubled Chicago-based Corus Bank warned that it was preparing to foreclose on three
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