Condominium association Regalia has settled its lawsuit alleging a host of construction and design flaws and building code violations in the luxury beachfront tower for $ 17.5 million.
In 2018, the Regalia on the Ocean Condominium Association sued developers, architect, general contractor and sub-contractors for alleged defects such as improperly installed pool joints and cracked tiles, dangerous steam rooms and Defective sliding glass balcony doors and railings, according to complaint.
The settlement, which saved both sides from a lawsuit, breaks down into a cash payment of $ 9.6 million to the association and a reduction of $ 8.5 million from the cost of 10.5 million. million dollars for the purchase and installation of new sliding balcony glass doors for the 39 units, said David Haber, manager and founding shareholder of Haber Law who represented the association.
Cash payment will be used for repairs to bathrooms, balconies and front aisle pavers. Insurers from Regalia Beach Developers LLC, general contractor Charleville Development Corporation, architect Arquitectonica and some of the subcontractors are responsible for the payment, Haber said.
Brazilian real estate investor Gilberto Bomeny and others developed the 46-story condo in 2014 through Regalia Beach Developers LLC, then ceding control of the building to the association.
Linda Jackson, attorney for the developers’ LLC, said construction defect lawsuits are common because associations request inspections soon after taking control of buildings and sometimes cannot resolve claims against builders at amicable.
Regarding the Regalia settlement, “that’s why people in the industry have insurance,” said Jackson, of Pardo Jackson Gainsburg. Repairs to the building are either underway or have been completed, she said.
David Salazar, partner at Cole, Scott & Kissane who represented Charleville, declined to comment. Arquitectonica and its lawyers did not return a request for comment.
The beachfront tower features units that span entire floors, a three-story penthouse, and a two-story beach house. The units range from $ 8.5 million to $ 12.5 million and feature floor-to-ceiling windows with panoramic views, according to the Regalia website.
The family of football superstar Lionel Messi paid $ 7.3 million for a unit in April.
The tower has been mired in other litigation. In one case, Miami-Dade Circuit Judge Michael Hanzman ordered developers in 2019 to cede control of all of the interest in entities that own two unsold units to a receiver. Regalia Beach Developers LLC had failed to sell the tower’s most expensive beach house and penthouse. At least part of the proceeds from the sale was to go to the former developer attorney under a confidential agreement in a separate lawsuit.