Jason Talbot has made peace with Monceau Real Estate after the Miami Beach-based firm’s owners agreed to buy out his minority interest in a Goulds development site.
Talbot, principal of Miami-based Workforce Housing Partners, settled his recent lawsuit against Monceau and its principals, siblings Adrian, Julien and Sarah Haccoun, court records show.
Last week, Talbot and Monceau’s owners filed a joint motion in Miami-Dade Circuit Court to dismiss Talbot’s Sept. 6 lawsuit alleging the Haccouns reneged on a previous agreement to purchase his 5 percent interest in a 4.5-acre site near Southwest 212th Street and Southwest 117th Avenue in unincorporated Miami-Dade County. Julien Hacoun said the lawsuit’s allegations were unfounded.
The Hacouns satisfied terms of the settlement, the motion states. In an email to The Real Deal, Julien Haccoun confirmed Monceau bought out Talbot. Monceau now owns 10 percent of the site, where a 396-unit workforce housing project is planned.
Talbot also dismissed his claims against an affiliate of Amsterdam-based global real estate firm NEF, which owns 90 percent of the project, the motion states.
“Monceau and Jason Talbot have reached a mutually satisfactory agreement to resolve the litigation,” said Talbot’s attorney Justin Prociv. “Each side looks forward to moving ahead with their respective projects.”
In his complaint, Talbot alleged he was owed $380,000 to buy him out, but he and the Haccouns declined to comment on how much he was paid.
Talbot, Monceau and NEF purchased the development site for $7.1 million in 2022, records show.
The group was involved in another planned mixed-use development near the Sweetwater campus of Florida International University. In October of last year, Talbot’s Workforce Housing Partners bought out Monceau’s interest in that project, which is also 90 percent owned by NEF.
In March, Workforce Housing Partners sued NEF for control of the $110 million project, which is planned to include 277 student housing units, offices, retail and parking. A month later, the two companies settled and the lawsuit was dismissed, court records show.