Miami condo residents sue Terra Group, seven other companies

Developer accused of cutting corners with Quantum on the Bay construction

TRD MIAMI /
Jun.June 16, 2014 09:45 AM

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. [Daily Business Review]Eric Kalis


Related Articles

arrow_forward_ios
Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Harvey Hernandez and Michael Patrizio

Newgard hires Terra exec as SVP of development

Jonathan Newhouse and Eighty Seven Park (Credit: Getty Images)

Condé Nast scion drops $6M on Miami Beach condo

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach sues own board to overturn decision on Crescent Heights’ and Terra’s proposed condo tower

Rendering of Terra’s project and David Martin

Terra plans massive multifamily project in northwest Miami-Dade

The penthouse at Grove at Grand Bay and David Martin (Credit: Douglas Elliman, iStock)

David Martin slashes ask of Grove at Grand Bay PH

Terra's David Martin and a rendering of the project

Terra, Mr. C unveil plans for luxury condo in Coconut Grove

Rendering of Doral Square and David Martin

Terra unveils latest mixed-use project near Downtown Doral

arrow_forward_ios
Loading...