“Calculated scheme”: Brickell Key condo owners sue Swire over $32M seawall and baywalk assessment

by Lidia Dinkova

Brickell Key condo owners are accusing developer Swire Properties of scheming to illegally saddle them with the financial burden for seawall replacement on the triangular island off Miami’s Brickell, according to a lawsuit.  Five residential condo associations sued Miami-based Swire over its $32.3 million assessment, including to repair and re-build the island’s seawall and for repairs to the baywalk, alleging that they shouldn’t be on the hook to pay for work on property they neither own nor are financially responsible for because it’s not Brickell Key common property, according to the complaint. Swire, its affiliates and the city of Miami […]

This article originally appeared on The Real Deal. Click here to read the full story.

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Stevan Stanisic

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Real Estate Advisor License ID: SL3518131

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