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 Us
Founder, Condoblackbook.com & Owner/Broker, BlackBook Properties
(305) 697-7667
contact@condoblackbook.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Coconut Grove Development ‘Markers Grove Isle’ Rebrands as ‘Vita’
Real Estate News Coconut Grove Development ‘Markers Grove Isle’ Rebrands as ‘Vita’
Luxury condo development project Markers Grove Isle rebranded as Vita Residences this June, after lengthy legal issues. The rebrand is a signal the Coconut Grove condo project is moving ahead after years of being stalled, making it one of the most eagerly awaited new Miami condo development projects, and a long-awaited addition to an island where nothing has been built in several decades. Sitting on the 21-acre, private island, Vita represents boutique, luxury waterfront living on Coconut Grove’s Grove Isle – forward-thinking and unlike anything built before it. Developed by Grove Isle Associates, construction on this island property is expected to begin by early 2022. Vita Grove Isle Residences If you know anything about Grove Isle, you may be curious about the design of this mid-rise project and how it will blend with the other three towers on the island. The collection of 5-story buildings will be set hugging the island’s serene eastern shoreline in modern, curvilinear...
The Best Miami Neighborhoods: Key Biscayne vs Fisher Island
Real Estate News The Best Miami Neighborhoods: Key Biscayne vs Fisher Island
Two of Miami’s most private and exclusive neighborhoods are Key Biscayne and Fisher Island. These neighborhoods share a number of similarities, as both are affluent island communities separated from the mainland Miami Metro area. And each island is designed as a private enclave for Miami’s elite. But the two also differ in many ways, due to their locations, local lifestyle, and the communities that inhabit each location.   We’ve broken down details to compare Key Biscayne versus Fisher Island based on factors that can help you choose which of the two would be most suitable for you. Take a look. And don’t miss our other Miami neighborhood comparisons at the bottom of this article.  Lifestyle: Key Biscayne vs Fisher Island Key Biscayne is a comfortable residential neighborhood located on a small island that is connected to Mainland Miami by the Rickenbacker Causeway. Once you cross the causeway into Key Biscayne, you definitely feel the tranquility of being surrounded by water, and...
Miami Building Boom 2021: These are the 12 New Condo Development Projects Planned to Date
Real Estate News Miami Building Boom 2021: These are the 12 New Condo Development Projects Planned to Date
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers have announced over a dozen new and relaunched condo projects since the beginning of 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami since January 2021 (till the time of this post): New Miami Condo Development Projects 2021 E11even Hotel and...
Surfside vs Sunny Isles Beach: Which Miami Neighborhood is Better?
Neighborhood Comparisons Surfside vs Sunny Isles Beach: Which Miami Neighborhood is Better?
If you love coastal living with walkable access to Atlantic Ocean beaches, and you want to move to a beachfront address while bypassing the hustle and bustle of South Beach, there are two beachside communities to consider when looking to make your move: Sunny Isles Beach and Surfside.  While these communities are practically next-door neighbors (with ritzy Bal Harbour nestled between them) and they share many amenities, including direct beach access to the Atlantic. Plus, they both are in prime locations that provide quick and easy access to airports, shopping, arts and culture, and outdoor living, living there could not be more different from one another.   As insiders who’ve lived in these popular Miami neighborhoods, we’ve broken down the similarities and differences between these two beautiful seaside communities in case you are looking to move to Miami. Lifestyle: Sunny Isles Beach vs. Surfside While Sunny Isles Beach and Surfside both provide residential coastal living...
Miami Condos with Shabbat Elevators
Real Estate News Miami Condos with Shabbat Elevators
Last updated June 11, 2021. Whether you refer to it as the Sabbath, Shabbat, Shabbos, or by any other term, your religious commitment to observing a holy day of rest should not prevent you from enjoying a luxury condo lifestyle in the subtropical paradise that is Miami.  For this reason, a number of condo communities provide the convenience of a Shabbat or Sabbath elevator, which is a specially programmed elevator that stops automatically on every floor during the Jewish Sabbath, from sundown on Friday evening until sundown on Saturday of every week.  This service is provided in order to accommodate the Jewish religious law that prohibits religious observers from pushing buttons or operating machinery during the Sabbath. While Miami today is known as a particularly Jewish-friendly metropolis, Jews were not even allowed to enter Miami Beach Hotels until the late 1940s. But by the 1950s they began to lay down roots in Miami Beach and to impact the economy, politics, and social flavor...
The Top 10 Tallest Buildings in Miami (You Can Live In)
Real Estate News The Top 10 Tallest Buildings in Miami (You Can Live In)
If you’ve been visiting Miami over the years, one thing you’ve probably noticed is the buildings keep getting taller, and the skyline keeps growing. Ever since the FAA relaxed its height restrictions more than six years ago, Miami’s skyline has continued to elevate itself with glimmering designs of glass and light. The tallest residential building in Miami as of this post is the apartment highrise Panorama Tower at 828 feet. But that won’t last for long. Every few months, a new condo tower is announced with ambitions of becoming one of Miami’s tallest buildings.  Call them #supertowers, #supertalls, or #skyscrapers, they’re definitely building the city’s skyline, reputation, and luxury living to new heights. So, who can claim the title of Miami’s tallest building you can call home? Check out our list below of the top 10 Tallest Condo Buildings in Miami – present and under construction – if you like to live above it all. Elysee Miami | Edgewater Height: 649 feetFloors: 57Developed...