A subsidiary of the Baltimore developer Chasen Cos. has filed for bankruptcy — just as one of its marquee properties was set to go to auction.

The Chasen Cos. entity, CC 1400 Aliceanna Street LLC, filed on Thursday in U.S. Bankruptcy Court in Maryland for Chapter 11 reorganization bankruptcy. It has as many as 49 creditors and assets and liabilities ranging from about $10 million to $50 million, according to court documents.

First National Bank of Pennsylvania moved to foreclose on the property in 2024 after reporting that Chasen Cos. defaulted on a more than $28 million loan.

Chasen Cos. had named the project on the border of Fells Point and Harbor East “The Anne on Aliceanna” and reported that it would include about 100 apartments and retail space.

The building was set to go to auction at 11 a.m. Friday outside the Clarence M. Mitchell Jr. Court in Baltimore. But on its website, Atlantic Auctions Inc. posted, “THIS AUCTION IS CANCELED!”

The project at 1400 Aliceanna St. is next to another major Chasen Cos. development, the former Meyer Seed Co. building — which also faces legal problems. Work at both sites has been stopped for months.

The namesake founder of Chasen Cos., Brandon Chasen, could not be reached for comment. A phone number that he previously used was disconnected.

Brent Strickland, CC 1400 Aliceanna Street LLC’s attorney, also could not be immediately reached.

Earlier this week, attorneys for Chasen Cos. were not present at an online hearing in Baltimore Circuit Court for five cases in which vendors allege that they’re owed money for work on other projects.

Circuit Judge Kendra Y. Ausby signaled that she would move to grant the orders, noting that Chasen Cos. had not filed any response.

Meanwhile, one of its other signature projects, One Calvert Plaza, is now on the market.

Sandy Spring Bank moved to foreclose on the building in 2024 after reporting that Chasen Cos. was late to make payments on an almost $34 million loan.