Wednesday, September 14, 2016

Lawsuit: Weeks After Paying $1.25 Million For Their Units, Buyers Were Blocked From Moving In When Subsequent Top Floor Explosion Blew Out Walls Throughout Building, Causing City To (Temporarily) Revoke Certificate Of Occupancy For Newly-Constructed Luxury Condo Tower

In Sunny Isles Beach, Florida, The Real Deal (South Florida) reports:
  • Two unit owners at Chateau Beach Residences have sued the developer and contractor over delays linked to an explosion at the Sunny Isles Beach luxury condominium tower last year.

    The lawsuit was filed [] in Miami Dade Circuit Court by 1103 Chateau Beach LLC and 1003 Chateau Beach LLC (owners of units 1103, 1003) “and all similarly situated unit owners” against Chateau Beach LLC and Coastal Construction of South Florida. The suit seeks unspecified compensation for alleged loss of use of their million dollar-plus condos.

    Chateau Beach Residences, a 34-story beachfront condo tower at 17475 Collins Avenue, received its certificate of occupancy in August 2015, according to the suit. In September 2015, the condo units were conveyed to the unit owners.

    But on Oct 2, 2015, an explosion occurred on the top floor of the tower, which blew out walls throughout the building.

    As a result of the explosion, the city of Sunny Isles Beach revoked the condominium tower’s certificate of occupancy, and the building continued to be “unsafe for occupancy” until June 2016, the suit says.

    “This loss of use has [led] to economic damages and special damages,” the suit alleges.

    Records show the owners of units 1103 and 1003 each paid $1.25 million for their units in September 2015. The registered agent for both entities is a lawyer.

    The Chateau Group, led by Manuel Grosskopf, developers of the project, as well as the soon-to-be-completed Fendi Chateau, did not immediately respond to a request for comment.
For more, see Unit owners at Chateau Beach sue developer, contractor for delays due to explosion (After Oct. 2015 explosion, building's TCO was revoked and it was deemed unsafe until June).