“Bit off more than they could chew”: Builders of 10-unit complex settle shoddy construction claims for $27M
The developer and dozens of contractors behind an exclusive residential enclave in Central Florida settled shoddy construction claims for $26.5 million. It’s not the largest construction-defect settlement in Florida, but at $2.7 million per unit across the 10 townhomes at Park Hill in Winter Park, it may be among the priciest on a per-door basis. The complex, consisting of two three-story buildings completed in 2019 across the street from an expansive park, is a bit of a misfit in Florida, forgoing the state’s traditional designs for stone and brick façades. It’s on the southwest corner of Whipple Avenue and North […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

The silent failure mode: What happens when your AI model quietly gets worse

How agents can vet a referral partner: 10 questions to ask before signing

The examiner never called

Before you say no: 5 borrower scenarios modern LOs can’t afford to miss

Why default servicing breaks at the handoffs

This under-the-radar region is having a 'quiet wine' boom. Here's why

Brightline Miami station retail under court-appointed receivership amid $65M foreclosure

Senate Bill Would Give First-Time Homebuyers Up to $50K—but It Faces Uphill Battle in Congress

Unison faces another class-action lawsuit, this time in North Carolina

Thor Equities, bullish on office, picks up Boca Raton building for $62M
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131
