The "mortgagee sale" signs have come down from Dunedin's former chief post office, the developer of which owes a finance company more than $7.5 million, but it has not been sold.
Planned development of the nine-storey 1930s granite-clad building in Princes St into a Hilton Hotel foundered when primary lender South Canterbury Finance stepped in and took over the building in late December, from Auckland developer Dan McEwan, who has since been ruled bankrupt over a separate $978,000 debt elsewhere.
Bayleys Real Estate agent Robin Hyndman said the signs were taken down during the weekend for a film crew making a commercial and were expected to be back up today or tomorrow.
Tenders for the building close on March 25.
