Art Falcone settles Worldcenter lawsuit with Edie Laquer

Miami Worldcenter Associates has entered into a settlement agreement over a lawsuit filed years ago by real estate investor and former commercial broker Edie Laquer, according to a statement released on Monday.

Terms of the agreement were not disclosed. 

“On behalf of our development team, I’d like to thank Edie for sharing her vision for the redevelopment of Park West and for the role she has played in the planning of Miami Worldcenter. I am pleased that we have resolved the business matters between us and delighted that Miami Worldcenter is moving forward,” Miami Worldcenter principal Art Falcone said in the statement.

Laquer has been suing Worldcenter partners since 2008 over a stake in the massive 27-acre mixed-use development that she claimed was promised to her.

However, fences seem to have been mended, with Laquer endorsing the project in Monday’s press release.

“With groundbreaking imminent, I look forward to Miami Worldcenter evolving into an extraordinary mall, expo center and important public space. This development will transform Miami’s urban core and bring long-awaited economic impact to the area,” Laquer said in the statement.

Earlier this month, Grand Central Lounge and the Omni/Park West Redevelopment Association, which have fought Worldcenter through lawsuits for months, voluntarily dismissed their suits against the project’s developers.