The Real Deal Miami

Buyers at Stuart subdivision sue to get out of contracts

May 27, 2008 12:20PM

Seven preconstruction buyers at Altman Development Corp’s luxury condo in Stuart — called Harborage — have filed lawsuits in an attempt to cancel their contracts and get their deposits back. The buyers say Altman violated the Interstate Land Sales Full Disclosure Act, which requires those who develop subdivisions of 100 units or more to provide buyers with detailed property reports. The buyers claim they never received the reports, so their contracts are null.