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
Mike Fernandez and Park Grove (Credit: Wikipedia)

Miami billionaire Mike Fernandez flips PH in Coconut Grove

David Martin and the site at 2655 South Bayshore Drive (Credit: Realtor)

Terra closes on $185M construction loan for latest Coconut Grove project

Pines Garden at City Center and David Martin

Terra closes on $91M loan for Pines Garden at City Center

Alex Rodriguez and the Grove at Grand Bay (Credit: Getty Images)

A-Rod scores new home base for his investment company

David Martin and Russell Galbut with a rendering of Crescent Heights and Terra's 519-foot tall tower

Crescent Heights and Terra’s South Beach mixed-use project wins partial design board approval

Terra founder Pedro Martin’s former mistress files defamation suit; latest in ongoing feud

WATCH: Crescent Heights implodes South Beach building

This developer is joining Russell Galbut’s South Beach tower project

arrow_forward_ios