Miami Beach condo owner sues Mast Capital affiliate, adding to legal mess at Amethyst
Years into a litigious and drawn out buyout of the Amethyst in Miami Beach, one owner is trying another approach through his lawsuit against the developer and condo association. Robert Pelier, an attorney who owns two units at the oceanfront building at 5313 Collins Avenue, filed a lawsuit last week that focuses on the threshold for termination, a legal process that’s required before a developer knocks down a building and redevelops the property. A number of owners at the 120-unit building have been in limbo for at least five years. The building, constructed in 1964, is zoned RM-3, which allows […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

Stanley Martin buying Holiday Builders highlights hyper-scale shift

Faena Residences developers presell $30M penthouse for record price along Miami River

“Animal House”: Brickell condo owners outraged by short-term rental goons

EXCLUSIVE: Former L.A. Dodgers Owner Frank McCourt Lists Longtime New York City Home for $47.5 Million

5 Years After the Passive Income Craze, Rental Properties Have Proved To Be Anything But

Greystone’s new $137M fund lands as LIHTC investment rises

NFL’s Larry Ogunjobi turns developer with $16M spec home in Biscayne Point

loanDepot asks judge to toss West Capital Lending complaint

Awaiting the CFPB’s next act ahead of Vought’s departure

Cody Pearce returns to YES Communities as president
GET MORE INFORMATION

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