inupujyfab1211.blogspot.com
, the Brentwood-based developer of the 14-story, 105-unit condo building that came onlindethis spring, filed suit Friday against four buyer s who would not or coulr not close on their units. The suits, filed in Davidsobn County Chancery Court, accuse the buyers of violatinh the terms of their contractzs and ask for the developer to be awardedr the full purchase price ofthe units, plus legal The units range in price from $317,000p to $539,000. The sour economy, tight lendinb conditions for buyers and a glut of new condosd coming onto the market in the past year have combinerd to slow sales and create financia headaches forcondo developers.
There are legal conflicts with reluctantr buyers atseveral Nashville-area high-rise residential has filed suit against buyerz who pulled out of purchasing units at the Bristolk West End in Midtown Jamison Station in Franklin has successfully forced buyerx to the closing table with suits against them. Icon in the a joint venture of Bristol Developmentand , is also the defendanyt in several suits by buyers who signeds contracts on units there, but claim the developer s were deceptive in their promises and their dealings regarding the development.
Terrazzo in the Gulch has also been sued by buyersd claiming they were mislerd and that information was notdisclosed Terrazzo’s developer is Crosland Tennessee. Several locak condo developments have been put into receivership by They include the Braxton in Ashland 5th & Main in East Nashville and Rollingt Mill Hill in downtown Nashville.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment