The LIGHT Art and Design shop, located in the bottom of Greenbridge Developments, could face problems when the luxury condominiums are foreclosed upon in November.
But the gallery owners said they have no plans to move right now.
The gallery, which aims to spread awareness of design sustainability and local art, originally chose the Greenbridge space because their design firm, SitzerSpuria, designed the interiors of the Greenbridge building, said Carrie Moore, LIGHT marketing manager.
The Greenbridge complex opened in October 2010 but has been a controversial topic since the idea for its construction was conceived.
After selling poorly, the building was scheduled by its loaner, Bank of America, to be foreclosed in June, then in September.
The complex’s foreclosure date is now set for Nov. 7.
“Foreclosures tend to occur more often since the 2008 financial crash,” said Boone Turchi, an economics professor at the University.
“Lenders used to try and work with developers who had trouble paying off loans, but now they are immediately pulling the plug.”
The future of LIGHT’s design shop is tied to that of the complex.