Massive Lawsuits Won by Miami Condo Associations Mean Awesome Upgrades for Condo Owners and Residents

Massive Lawsuits Won by Miami Condo Associations Mean Awesome Upgrades for Condo Owners and Residents

Aug 12, 2019 August 12, 2019

Recently, a handful of condo associations have scored massive windfalls thanks to lawsuits leveraged against insurers and developers. This is obviously great news for condo associations, and it also usually means that the associations' finances will likely be great for years to come. This in turn translates into improved living conditions for residents of those buildings, since these windfalls provide opportunities for condo associations to make major repairs and improvements that benefit residents. 

Oftentimes, the amount of money they win does not actually need to be spent entirely on the issue that motivated the lawsuit (many times the repairs have already been made by the time the lawsuit is settled). This provides a great opportunity for the condo to either fill their reserves and avoid special assessments on future capital improvements and maintenance projects, or simply spend money doing awesome upgrades on various things.

Cité Law Suit Settlement

Cité - Edgewater, Miami FL

Cité in Edgewater


In one example, the condo association at
Cité in Edgewater won a lawsuit against MCZ/Centrum for alleged developer defects, and shortly afterward, they upgraded their fitness center with all new equipment, new pool furniture, completed exterior restoration, painting, and other improvements.

Quantum on the Bay Law Suit Settlement

Quantum on the Bay - Edgewtaer, Miami FL

Quantum on the Bay in Edgewater


The condo association at
Quantum on the Bay, also in Edgewater, won a lawsuit against developer Terra Group in 2016 and was then able to refresh and upgrade much of the building's interior and exterior tapping into those newly won funds.

St. Louis Condominium $2.4 million Law Suit Settlement

St, Louis Condo - Key Brickell, Miami FL

St. Louis Condo, Brickell Key


The St. Louis Condominium Association in Brickell Key also won its recent lawsuit against Rockhill Insurance Company, a subsidiary of State Automobile Mutual Insurance Company, for not paying for damages that were covered in the association’s insurance policy, as well as failing to make a coverage determination within the 90 days required by the policy.

The St. Louis Condominium is located at 800 Claughton Island Drive on Brickell Key, directly overlooking Biscayne Bay. When hurricane Irma hit South Florida in September of 2017, 134 residential condo  units at the St. Louis suffered damage as a direct consequence of the storm. The condo association sued their then-insurer Rockhill for not properly following up on reports of storm damage. After some deliberation, the final judgment was awarded to the St. Louis Condo Association for $2.4 million. This will inevitably mean good news for residents at the St. Louis as the condo association begins to feel the financial benefit.

Brickell House $32 million Law Suit Settlement

Brickell House - Brickell, Miami FL

Brickell House - Brickell


At
Brickell House, a 46-story tower completed in 2015, a failed robotic parking lot elevator that was supposed to automatically self-park cars in 10 minutes led to a massive lawsuit and $32 million settlement from the Hartford Steam Boiler Inspection and Insurance Company, the insurer for the elevator’s technology. The settlement totals more than half of the $61 million policy that the Condo Association was carrying to insure the elevator technology, and is possibly one of the largest settlements of its kind, meaning exceptionally good news for residents at Brickell House, where prices will start rising once the elevator repairs are completed, and other upgrades to the property will soon be evident.

The Platinum Condo Law Suit Settlement

The Platinum Condo - Edgewater, Miami FL

The Platinum Condo - Edgewater

Another series of successful lawsuits were brought by the condominium associations at Bayside Terrace and Platinum Condo against developers and builders of neighboring Biscayne Beach in Edgewater. Those associations claimed that the buildings suffered permanent damage to their landscaping and facade as a result of overspray of stucco and concrete, in addition to other construction debris, that struck the property during construction activities at Biscayne Beach, also damaging residents’ cars and property.

Millennium Condo Law Suit Settlement

Porsche Design Tower - Sunny Isles Beach, Miami FL

Porsche Design Tower, Sunny Isles Beach


In Sunny Isles, the condo association at
Millennium Condominium sued the entire development team at the adjacent Porsche Design Tower, alleging that construction activities at Porsche caused millions of dollars worth of damages to Millenium’s building. The damages claimed include extensive cracks in the pool deck, lobby, and parking garage as well as concrete overspray.

Jade Beach Law Suit Settlement

Jade Signature - Sunny Isles Beach, Miami FL

Jade Signature - Sunny Isles Beach, Miami FL


The condo association at
Jade Beach in Sunny Isles recently sued Fortune International Group, who built the tower in 2008, for alleged damage at Jade House caused by construction activities at Jade Signature, a new tower that Fortune is erecting right next door. The Jade Beach Condo Association alleges that Fortune failed to install protective netting to protect the property during the construction activities next door, resulting in damage caused by concrete, loose nails, and dust that landed in Jade’s pool deck and other common areas.

We can safely assume that all of these victories for condo associations mean better living conditions for residents at these communities, as financial windfalls continue to facilitate upgrades and improvements at local Miami area condos.


Cover photo courtesy of knstrct
Contact Sep Niakan
Founder, Condoblackbook.com & Owner/Broker, HB Roswell Realty
(786) 930-4220
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Miami Spice is Here Early! Will Run Twice as Long this Year
Lifestyle Miami Spice is Here Early! Will Run Twice as Long this Year
Miami Spice Restaurant Months is a Miami tradition that showcases the very best of Miami’s diverse local cuisine and the talent and creativity of our city’s array of world-class chefs. The event allows restaurant-goers to enjoy three-course meals at some of Miami’s most exclusive restaurants for only $25 for lunch or brunch, and $39 each for dinner. This year, given the financial hit taken by local restaurants as a result of the coronavirus pandemic, Miami Spice is starting two months early -- hoping to lure customers back to Miami’s finest eateries by running the program for four months instead of the usual two beginning in late summer. If you live in Miami or frequently visit, you’ll know that Miami Spice normally starts at the beginning of August and continues until the end of September. The event was founded by the Greater Miami Convention and Visitors Bureau (GMCVB) as a way to give local restaurants a boost during the slow summer months. Now, it’s hoped that by starting Miami...
Missing Art? New Exhibits and a Pop-Up Shop Open in Miami’s Design District
Art/Design Missing Art? New Exhibits and a Pop-Up Shop Open in Miami’s Design District
Let’s face it, for those of us who love art, checking out a new exhibit after staying home so long is as good as a perfect morning latte. It’s refreshing, invigorating, and definitely going to make your day. As Miami’s Design District reopened on the 20th of May, the style destination got itself a brand-new art collection under the direction of new curator Claire Breukel, who also curates the Craig Robins Collection.  Here’s looking at all the exhibits on view in Miami’s Design District this summer: 3060 sq. ft. By: Tom Scicluna When: Through June 27Where: Paradise Plaza 133 Miami-based conceptual artist Tom Scicluna is known for his focus on sculptural works using found materials. Represented by Nina Johnson Gallery, the celebrated artist is known for creative works that question the ideas of artistic control, display, function of the art, and distance between idea and reality, as well as the viewer and image. This time, for his site-based intervention at Paradise Plaza, he has a...
Miami’s New and Pre-Construction Condo Update: May 2020
Real Estate News Miami’s New and Pre-Construction Condo Update: May 2020
This May, the Aston Martin Residences almost made a sales record for themselves as four units sold for a total of $8.75 million. The highly anticipated Una Residences broke ground. And, David Martin as well as Mast Capital proposed new towers for Miami Beach. Read on for details on these and other Miami condo pre-construction updates below: Broke Ground Una Residences – Brickell One of the newest, most exciting waterfront projects to come up in Miami, Una Residences, broke ground this May, embarking on its journey towards completion. The luxurious, nautically-inspired condo building comes designed by internationally acclaimed architects Adrian Smith + Gordon Gill, and sits on a rare slice of Bayfront land at the end of old Brickell Avenue in Miami’s Financial District.  Developer OKO Group aims to deliver the 47-story, 135-condo luxury development by 2023. Built to offer unobstructed city and Bay views, residents will be treated to amenities such as soothing wood-tone interiors,...
Latest Miami Celebrity Real Estate News - May 2020
Real Estate News Latest Miami Celebrity Real Estate News - May 2020
While the world continues to operate at a slower pace than usual, celebrity real estate news has not taken a break or a back seat to anything else that’s happening in the world. In Miami, movers and shakers continue to sell and buy property, and new stars continue to come to live in our town. This month’s lineup of celebrity real estate news includes celebrity buyers and sellers who influence and impact our lives, representing different industries and walks of life, as well as the purchases and sales they’ve made. Bought Who: Tommy Mattola and Thalia Where: $8 Million condo at The Surf Club in Surfside An LLC known as TNT Miami, managed by Mexican pop singer Thalia, along with her husband Tommy Mottola, the famed music industry tycoon, recently closed on an $8 million luxury condo at Surfside’s Four Seasons. The closing took place only a week after the state’s shelter-in-place order expired, per public documents filed with the county recorder. The 48-year-old Mexican singer is ...
Vizcaya is Open? Yep! Check out these Fun Things to Do in June
Lifestyle Vizcaya is Open? Yep! Check out these Fun Things to Do in June
For almost two months, Miami hasn’t been quite itself due to the coronavirus outbreak. We’ve missed all the fun events that put the magic in the Magic City. Thankfully, beginning May, the city has started to reopen (including restaurants at 50% capacity and the beaches), and we’re so glad to see some of our favorite hotspots either opening up or gearing up to open in June. So, for our monthly event roundup this time, we’ve got a mixed bag of virtual events as well as in-person events. Here’s looking at the things you can do (online or on the ground) in Miami for the month of June: Virtual Events Deering Estate Virtual Full Moon Yoga: June 4 Taking their monthly full moon yoga class online, yogi Zamanata will be leading a 75-minute Hatha flow session. For $10, you get to experience the transition of the Sun, Moon, and cosmic elements in a refreshing evening class. Those interested should pre-register here, or keep an eye out for when other in-person events come back up here. O...
Want to Live in a Penthouse? Here’s What You Need to Know
Opinions and Advice Want to Live in a Penthouse? Here’s What You Need to Know
Penthouses are the pinnacle of condo living. Living in a penthouse means waking up to sweeping views and expansive living spaces that feel like a home in the sky. Add on luxury amenities and, well, now you’re getting the picture. While it might sound cliche and too good to be true, this is the reality of owning a penthouse. But what really is penthouse apartment or condo? And are they worth it? Read on for answers to all of these questions about penthouses. So what IS a penthouse? Penthouses are, historically, a separate build on the very top of an apartment block or hotel, fitted with the best interiors, and both indoor and outdoor space. The term came about in the 1920s when developers started transforming previously undesirable and often dirty “attic” space into incredible and spacious  properties on the top of their developments. Distinguished by their opulence, as well as their world-class views, they were immediately popular and became synonymous with status and wealth (read...