Posted Apr 2, 2019, 4:46 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,840
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AMERICAN DA TANG FILES NEW LAWSUIT OVER CCCC TOWERS
Quote:
Another lawsuit has been filed over the CCCC Towers project in Brickell.
American Da Tang and Shanjie Li are suing for breach of contract. They had a contract to manage the development in exchange for a 5 percent stake in the project, the lawsuit states.
A 2015 meeting where terms of the deal was hashed out was attended by Bernardo Fort-Brescia of Arquitectonica, Walter Defortuna of Fortune International Realty; Philip J Spiegelman of brokerage ISG, the Chairman and CEO of Coastal Construction, and executives from China City Construction, the lawsuit states.
The development is already the subject of a court battle in Hong Kong over control.
Earlier this month, the city’s Unsafe Structures Panel issued an emergency order demanding fill be placed at the site. An excavation over a decade ago removed two stories of dirt.
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