Three homeowners associations at Quantum on the Bay are suing a company tied to Terra Group, claiming the developer cut corners during construction of the Miami condo project.
The associations accuse the Terra company and seven other defendants of 17 counts of negligence, professional negligence, breach of common-law implied warranties and building code violations. According to the Miami-Dade Circuit Court lawsuits, defects at the 698-unit development ranged from jammed doorknobs to crumbling stucco. The purpose of the litigation is to get Terra and the codefendants to cover the cost of repairs.
“The unit owners want to have the property that should have been delivered to them,” attorney Jeffrey Respler, who represents the Quantum residents, told the Daily Business Review. “At the end of the day, we’re not looking for a windfall. We’re only looking to be made whole.”
Terra’s David Martin told the Review the dispute would be “expeditiously and responsibly resolved in the appropriate forum.”
Unit prices at the 1900 North Bayshore Drive condo range from $229,000 to about $1.2 million. Monthly rents vary from $1,750 to $5,500.
Source: The Real Deal