As regular readers of our legal blog know, we recently wrote about the growing list of complaints about shoddy construction at One Ocean, a South Florida luxury condominium project.
A recent construction defects lawsuit says the Related Group's South Beach property developer, general contractor, three subcontractors and architect have all failed to fix serious problems in a pair of high-end condos that are covered by warranty. The suit says the defects are in four main areas: plumbing, lighting, parking and a spa.
Some observers think the One Ocean project is also turning out to be a bad investment for Related Group's CEO and chairman Jorge Pérez. The head of Related Group is trying to sell his four-bedroom penthouse but has apparently found little interest even though he slashed his initial asking price of $20 million to $11 million.
The general contractor for One Ocean said it has met its warranty obligations. The plaintiff alleges that the two combined properties purchased in 2016 for $8.3 million have unfinished interior drywall, crooked light fixtures, a spa pump that doesn't work and low water pressure in a bathroom and the kitchen.
The One Ocean Condominium Association filed a construction defects lawsuit seven months ago alleging serious and unaddressed flaws that include corroded sliding glass doors and cracks in walls, ceilings, stucco and masonry as well as defective, deteriorating balcony railings.