Developers of Privé at Island Estates recently filed a $200 million lawsuit claiming the city of Aventura was holding up construction. One of the developers, Daniel Lebensohn of BH3 released a statement saying that the city approved plans and construction in bad faith and are trying to prolong the construction process.

One of the issues that is being argued are the sidewalks and the talks are at a veritable stand off. Prive will be a 160 unit, 16-story twin tower condo and many reservations have already been placed in preconstruction. Recently, the developers claimed that nearly half of the reservations had been cancelled as a result of these legal issues. Continue to check back as I cover this story! If you are interested in purchasing another Aventura preconstruction property, contact me today!