A downtown Sarasota condominium complex that has a faulty concrete slab led to units in the 117-unit building being sold in July for less than half of what previous owners paid.
Orchard Park, N.Y.-based Sarasota Equity Enterprises LLC bought two units for a total of $95,000, or 86% less that what its former owners paid.
And Mahi Towers LLC paid $35,000 for a unit in July, 65% less than its $99,400 purchase price in May 1998.
Unit owners were recently told they have to pay $8.2 million to repair a cracked fourth-floor concrete slab that acts as a main support beam. The condominium’s insurance company has denied its claim to repair the slab.
Contact Kurt Schultheis at firstname.lastname@example.org.
Currently 0 Responses
31 Girl Empowerment Day
1:00 pm - 3:00 pm
1 Social Media for Social Change Training
1 Season of Nonviolence Kickoff Event
2 Town Hall Lecture Series: Jon M. Huntsman, Jr.
10:30 am - 7:30 pm
The ribbon-cutting ceremony Saturday for the Gulf Gate Public Library was a cause for celebration.
The doctor is in
Students in the early childhood program The Gan at Temple Sinai donned stethoscopes for an exercise in veterinary medicine.
Did you notice a familiar name in the February issue of Southern Living magazine?