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One Ocean’s condo association sues Related alleging shoddy construction (FL)

/ Owner - May 17, 2019

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.     Read the article……………….

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