For years, Walter Bowen got the credit when his real estate company built a winner.

Nor has Bowen been able to sell many of the 132 Ritz-Carlton condominiums. Only 8% have sold, according to Ready Capital’s earnings report, at an average of $1,105 per square foot. The hotel is ...

The hotel's building, Block 216, was bought by real estate developer Walter Bowen in 2019 and opened in 2023. The 35-story tower boasted luxury rooms starting at $500 a night and featured 132 ...