One Ocean’s condo association sues Related alleging shoddy construction

Lawsuit accuses the developer, its contractors and architects of negligence in designing and building the 50-unit Miami Beach project

TRD MIAMI /
May.May 17, 2019 10:30 AM
Jorge Perez and One Ocean

Jorge Perez and One Ocean

Jorge Pérez’s effort to unload a four-bedroom penthouse he owns at One Ocean in Miami Beach may have just gotten more complicated.

Miami’s condo king just chopped nearly 50 percent off his original three-year-old asking price of $20 million on the unit, in response to the oversupply of luxury condos. Now, One Ocean’s condominium association is alleging Pérez’s firm, the Related Group, along with seven companies involved in the project’s construction, did a defective job building the 50-unit project at 1 Collins Avenue in Miami Beach’s South-of-Fifth neighborhood.

The association filed a lawsuit late last month in in Miami-Dade Circuit Court against the Related-owned entity that developed One Ocean, as well as project architects Ten Arquitectos and Sieger Suarez, general contractor Plaza Construction of Florida, and four subcontractors, alleging negligence.

A spokesperson for Related and Perez declined comment. A spokesperson for Plaza said the firm was just notified about the lawsuit. “We feel we have meritorious defenses against it,” she said. Plaza had no further comment, she added.

Executives for the six other defendants, including Sieger Suarez principal Charles Sieger and Ten Arquitectos owner Enrique Norten, did not respond to phone messages and emails seeking comment. An attorney for the condo association declined comment.

Since Related turned over control of the building in 2016 after it was completed, the condo association discovered a litany of design and structural defects, the lawsuit alleges. For instance, the association alleges it found deficiencies in the mechanical, electrical, plumbing and life-safety components of One Ocean. Specific damages include corrosion on sliding glass doors; cracked stucco, walls, ceilings, balconies and masonry; and deteriorated and defective balcony railings.

The association wants Related and the seven companies to pay for repairs to the building. Pérez, Related’s chairman and CEO, paid $4.2 million for the 3,528-square-foot penthouse on May 24, 2016. The top floor unit features a wrap-around terrace that overlooks the pool. He is currently asking $10.95 million for it, about 45 percent less than what he listed it for three years ago.

According to a Douglas Elliman’s first quarter sales report, 70 luxury condos sold in Miami Beach and the barrier islands, a 2.8 percent drop from the same period last year. Listings averaged 195 days on the market, a 41 percent increase compared to 2018’s first quarter.


Related Articles

arrow_forward_ios
Rendering of The Markers Grove Isle

Grove Isle developers face new lawsuit over proposed project

Purdy Lounge in Miami Beach (Credit: Facebook)

Last call for Purdy Lounge. Miami Beach bar announces closure

From left: Keith Menin and Russell Galbut, with the Domio Kaskades Hotel

Russell Galbut wants to sell another Miami Beach hotel

Antonio Sustiel and 266 South Coconut Lane (Credit: Facebook and Zillow)

The Flooring King buys a new palace in Miami Beach

Brickell Flatiron (Photo Credit: Golden Dusk Photography)

Brickell Flatiron retail space closes for $22.5M amid lawsuit

Jorge Pérez and Jon Paul Pérez (Credit: Wikipedia)

Miami’s condo king will hand crown to son next year

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

LeBron James with a rendering of Unknwn Wynwood (Credit: Getty Images)

Renderings revealed: River Parc master plan, Unknwn’s Wynwood store

arrow_forward_ios