‘There is panic;’ Business owners fearful after bank files foreclosure notice on The Greene

GREENE COUNTY — Business owners at The Greene Town Center have concerns after learning about Wells Fargo’s foreclosure filing.

As reported on News Center 7 at 5:00, for some business owners at The Greene, their shops are their only source of income.

>>ORIGINAL COVERAGE: Bank forecloses on The Greene for nearly $113 million in unpaid debt

According to court documents, Wells Fargo claims that The Greene defaulted on a loan because it failed to pay the total by the loan’s maturity date, which was December 1, 2023.

As of May 1, Wells Fargo says The Greene owes nearly $113 million, according to a previous News Center 7 report.

News Center 7′s John Bedell went to The Greene to speak with business owners on Tuesday.

“We sell high-fashion men’s and women’s shoes and we’ve been here for about eight years now,” Integritas Shoes owner Manish Agarwal said.

Just down the block at The Greene, Sonny Singhvi owns Sonny’s Diamonds.

This shop sells things like, “estate jewelry, vintage jewelry, bridal jewelry. That’s kind of our niche,” Singhvi said.

Since News Center 7 broke the story that Wells Fargo is foreclosing on The Greene, both Singhvi’s and Agarwal’s phones have been busy.

“So a lot of my friends were calling me since I own a store here,” Agarwal said.

>>RELATED: City responds to bank foreclosing on The Greene after millions in unpaid debt

“I’ve already got three texts this morning from different business owners, ‘What do you think is happening? What’s going on?’ There is panic,” Sonny’s Diamond owner Sonny Singhvi said.

Agarwal said he wonders what the foreclosure means for the future of The Greene and his business.

“I mean, this is my business and there’s no other nice place to go, so it’s definitely a concern,” Agarwal said.

Singhvi said is things get too bad for him, he’ll retire or move his shop.

He’s worried about the other businesses more than his own.

“I have a following that follows me,” Singhvi said. “So, whether I’m here or in Centerville, or in Bellbrook, or in Beavercreek, it doesn’t matter. But for a lot of the other people here, it does matter.”

Going forward, Agarwal said the only thing he can do is keep putting one foot in front of the other.

“Just one day at a time, you know? Definitely going to look into finding out what’s going to happen. But let’s just see,” Agarwal said.

We will continue to follow this story.

Comments on this article