That is almost always the case for most large commercial developments. The three most iconic towers in my city are owned by LLCs with names that are the property address or name, but so is the nearest strip mall. It makes a lot of the shady paperwork around creating a funding stack so much easier. The process is perfectly structured for abuse, which is why everyone had to pretend to be surprised when it turned out half of downtown Cleveland was a front for Ukranian money laundering.
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