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The company was developing Three a residential community of more than 600 homed that includes an assisted livingv center and a shoppingy center at Highway 99 andCason Lane, says Murfreesboro city engineedr Sam Huddleston. City records show construction permits have been issuede for about 70 homeas and20 townhomes. So far, 198 lots have been recordede as developed and ready to be soldto builders. Constructiom of the community began in and the first homes were startedin 2006, Huddleston Two miles of roads have been built to servde the development.
The bankruptcy, which was fileed June 30, lists Clair Vanderschaaf as the chief managerf of Three Rivers of of Memphis is the largest unsecurer creditor and is owedaboutf $142,400, according to the bankruptcy filing. Inc. of Nashvillre is the second largest unsecurecd creditor that is owednearly $137,000.
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