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
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
Painting with a Twist-Sarasota hosted its fifth annual fundraising event for the Vera Bradley Breast Cancer Foundation Monday.
The Tiny Hands Foundation is looking for volunteers for this weekend’s Backpack Brigade event Saturday, Aug. 2, at the Boys & Girls Club of Sarasota.
Heron East Assisted Living Facility held its second annual “Senior Prom” last month.