Buyer scores $2M judgment against Mandarin Oriental Boca developer
The legal troubles at Penn-Florida’s Mandarin Oriental Boca Raton continue to mount after the developer lost a $2 million judgment. A Palm Beach County Circuit Court judge sided with Douglas and Debra Jacobs after they filed a lawsuit against Penn-Florida affiliate Via Mizner Owner III, which alleged the developer failed to complete their condo in time, the South Florida Business Journal reported. The developer announced plans for the 248-unit hotel-condo Mandarin Oriental in 2015, with an initial opening target of 2017, the outlet reported. The complaint alleged that the Jacobses signed a contract to buy a condo in the development […]This article originally appeared on The Real Deal. Click here to read the full story.
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Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131