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.
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24 Sarasota Pumpkin Festival
5:00 pm - 8:00 pm
25 Free picture framing seminar
25 Stepping Out Against Domestic Violence (DV Awareness Walk)
25 3rd Annual Sarasota Book Fair
10:00 am - 3:00 pm
On Saturday Phillippi Shores Elementary fourth-grader Mickeyshane McGetrick invited friends and classmates to help kick off his class project to clean up Turtle Beach.
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School of rock
Fans cheered on their favorite bands Saturday at Rock for a Cause.