Miami Beach's Artécity Asks for Loan Extension
The developer of the Artécity, a
Miami Beach real estate condo project, seeks to make over a whole block on
Miami Beach and said it is switching contractors and seeking a loan extension from
Corus Bank.
There has been barely any sign of construction work on the 202-unit project, located a couple blocks from the beach along 21st Street, since March, when developer Artécity Park dismissed the general contractor.
The 63 unit converted Miami Beach hotel Artécity Governor, which had 33 buyer deeds issued starting on Feb. 2, property records indicate, is the only part hat is completed.
Buyers in that building have brought twelve lawsuits against the project, with most of them settling out of court.
Full Article...Miami Condos, Artecity Asks for Loan Extension
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