Bank files foreclosure notice for Wichita mall

Wells Fargo files suit over Towne West Square

WICHITA, Kan - Wells Fargo Bank has filed a petition in Sedgwick County District Court stating its intent to foreclose on the Towne West Square shopping center in west Wichita.  

The petition states the owners of the mall have failed to make payments for improvements and repairs, and the owners have failed to pay into accounts related to a $51 million loan that was taken out in 2011. 

Wells Fargo has filed a lawsuit seeking more than $45 million in principal payment, along with $220,000 in interest and another $60,000 in costs and fees.  

There's no information on how this will impact the future of Towne West.  

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