An already rocky year for Chasen Cos. is closing with more legal trouble.

First National Bank of Pennsylvania moved last week to foreclose on one of the firm’s properties on the border of Fells Point and Harbor East — a development that Brandon Chasen, the company’s founder and CEO, projected this summer would be finished by the end of the year.

The bank also has taken steps to file a judgment of more than $28 million in Montgomery County Circuit Court, claiming the company defaulted on its loan for the building at 1400 Aliceanna St.

Meanwhile, four contractors claim Chasen Cos. owes them more than $1.3 million for their work on the Aliceanna Street project, court records show.

Chasen Cos. planned to convert the former warehouse into a luxury apartment building with 12,200 square feet of commercial space. It’s on the same block as another major Chasen Cos. development, the former Meyer Seed Co. building — which also faces legal problems.

Work at both sites has ground to a halt.

The Baltimore-based developer boasts on its website about the importance of joining two of the most attractive neighborhoods in the city.

“By revitalizing a warehouse district into a destination for the community to live, work and shop, we will truly connect Harbor East and Fells Point, while still paying homage to the decades of industrial history that happened here,” the company’s then-marketing officer said in a news release three years ago. She has since left Chasen Cos.

The company’s financial and legal struggles spill beyond those neighborhoods.

Earlier this fall, Sandy Spring Bank moved to foreclose on the downtown skyscraper known as One Calvert Plaza. In court documents, the bank alleged that the company failed to make payments on a nearly $34 million loan.

Chasen, 38, has not responded to requests for comment for months.

This past spring, Chasen and his business partner, Paul Davis, said they had taken steps to ensure the firm’s survival in a tough real estate economy. Once celebrated for its ambitions, Chasen Cos. had pulled back from its national expansion hopes and cut employees.

“We can really shape the neighborhood, shape the city, because there is that opportunity. It’s not defined yet,” Chasen said in May, describing his company’s renewed focus on Baltimore. “We’ve learned how to kind of work in with what we have, to the best of our abilities.”

Then, a string of contractors started filing lawsuits alleging that the company owed them money. Chasen stopped talking to reporters. Several employees left, and a new website appeared, promoting Chasen as a “noted entrepreneur, real estate developer, investor and speaker.”

Recent court records list Chasen’s home address as a unit in the Porsche Design Tower Miami that rents for $32,500 per month, according to a Zillow listing.

Before its stumbles, Chasen Cos. tried to position itself as a major player in Baltimore’s rental housing landscape.

Chasen Cos. owns about 2,000 residential units, mostly in the city, and it purchased about 10% of the available multifamily properties in Fells Point alone, according to a Banner data analysis of property records in June. The company also owns apartment buildings in Florida and Virginia.

The firm was once ranked in several national publications as one of the country’s fast-growing employers. More recently, Chasen Cos. turned over leasing responsibilities to an outside company. The company laid off its head property manager last month, according to a public post on LinkedIn.

Experts in real estate development and finance said it’s unlikely that Chasen Cos. will lose all of its assets: Banks usually prefer to restructure any outstanding loans with new terms rather than inherit properties outright.

But the volume of legal challenges Chasen Cos. faces will make its ability to pay that much more difficult. As of Wednesday, the company and its subsidiaries faced more than a dozen active court cases. The firm also has been late to pay water bills at almost every site it owns in Baltimore, according to an online billing database.

What eventually became Chasen Cos. originated in 2017 and quickly scaled across Baltimore — with multifamily properties in Fells Point, Federal Hill, Mount Vernon and Hampden.

The company fostered relationships with high-profile investors. One of them is Anthony “Tony” Bobulinski, an ex-business partner of President Joe Biden’s son Hunter Biden, who is a hard-money lender, court records show.

Terms of the financing agreement between Bobulinski’s firm and Chasen Cos. were not disclosed in public filings. In May, Chasen pledged 51 of his companies as collateral to Bobulinski.

With Chasen Cos.’ legal issues mounting, court records indicate that Chasen’s and Davis’ personal belongings may also be at risk.

That includes Davis’ Bethesda home and two 2021 Hondas; Chasen’s Four Seasons penthouse suite and two 2020 Ferraris; and the contents of a storage locker at Congressional Country Club in Bethesda, according to court documents.

Baltimore Banner reporter Giacomo Bologna contributed to this article.