Miami Condo Market and Lifestyle Updates
One Thousand Museum Lawsuit Resolved, Property Purchase Can Now Finalize

One Thousand Museum Lawsuit Resolved, Property Purchase Can Now Finalize

by Sep Niakan | July 21, 2014

The lawsuit between developer Marc Roberts and the owner of a BP gas station where the One Thousand Museum will be, has finally been settled.

Back in 2007, Roberts sent a letter warning the BP station owner that his contract to purchase the station's property was still valid, and that the One Thousand Museum developers are purchasing the land “at their own risk.” This letter prompted the lawsuit.

According to court records, both sides are asking a judge to dismiss the case.

1000 Biscayne Tower, LLC can now finish closing on the station and its respective property. The contract calls for the closing to happen before September 10 for between $27 million and $60 million.

The One Thousand Museum will be developed by Zaha Hadid.

 

Source: exmiami.org

Photo credit: Zaha Hadid prixpictet.comBP Station BP.com

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