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.
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4 Meet the Sky
5 Volunteer Connect Meeting
11:30 am - 12:00 pm
9 Back to School Bash 2014
9:00 am - 12:00 pm
9 Cat Depot Leash Walking Class
12:00 pm - 1:00 pm
Heron East Assisted Living Facility held its second annual “Senior Prom” last month.
Sarasota nonprofits the Boys and Girls Club of Sarasota County and Big Brothers Big Sisters are hosting donation drives. The Boys and Girls Club’s drive runs from July 21 through Aug. 2 and is accepting clothing, shoes, books and small household items for Goodwill Manasota.
Vive La France
The Alliance Francaise held a fundraiser in honor of Bastille Day, or La Fête Nationale, Monday, July 14, at Marina Jack.