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Showing Original Post only (View all)Condo owners lose 30% of value, views and sunlight when developer builds 7 story condos in front of property [View all]
Furious millionaires slam developer for destroying gated private paradise island by building huge 91ft high luxury condos that will block out sun
The residents of Grove Isle are devastated over a new development
The new building shields their once-spectacular views
Lawsuits allege violations of planning laws, but construction proceeds
The millionaire residents of a secluded island in Miami say their private paradise has been destroyed, after the city allowed a developer to build a huge 91-foot high, seven-story block of condos that now blots out their waterfront views.
What once offered spectacular vistas of Biscayne Bay and the skyline of downtown Miami has now been blocked by an enormous stadium-like construction of new condominiums, leaving residents in the pre-existing blocks completely in the shade.
Not only that, the way the new block has been constructed with its curved design has created a wind tunnel effect, meaning patio furniture on the neighboring balconies is being blown around. The prices of the original homes are also said to have plummeted by 30 percent.
before
after
David Schaecter, 94, is an original Grove Isle resident. He and wife Sydney live in a west-facing unit on the third floor. They used to overlook the marina and tennis courts but now overlook the new building
When the original buildings were constructed in 1979, the address was seen as one of the most exclusive enclaves in Miami, offering a huge amount of privacy
https://www.dailymail.co.uk/news/article-13360411/Grove-Isle-miami-apartment-complex-blocked-lawsuit-angry-residents.html
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Condo owners lose 30% of value, views and sunlight when developer builds 7 story condos in front of property [View all]
BlueWaveNeverEnd
Apr 29
OP
I think their lawsuit might have fared better before the new condos were built.
LonePirate
Apr 29
#1
it does. They probably assumed that the club house, tennis courts were permanent amenities for their area
BlueWaveNeverEnd
Apr 29
#3
He's 93. In 15 years, he'll be 108 years old. He could be alive but sadly unlikely.
jimfields33
Apr 29
#25
Our daughter and her husband bought a house in the Riverside neighborhood of Austin last year
LeftInTX
Apr 29
#9
People cannot imagine how screwed up these mini mcmansions are. They have driven a large amount of middle ...
marble falls
Apr 29
#33
Exactly right. Their response: "But controlling market prices by fixing supply is socialist!!!"
marble falls
Apr 29
#47
It takes 17 acres per person to recharge the Balcones aquafer most of us around here get out our water ...
marble falls
Apr 29
#48
it happens all over southern California. not just loss of sunlight but loss of privacy
BlueWaveNeverEnd
Apr 29
#10
interesting...if the property had been properly "subdivided" the condo owners would be better off
BlueWaveNeverEnd
Apr 29
#19
the view you posted shows that the island condos blocked the full ocean view from the homes on land
BlueWaveNeverEnd
Apr 29
#46
I'm sure the owners with views (building 1 facing forward, building 3 facing the other way) paid higher prices
BlueWaveNeverEnd
Apr 29
#18
Too bad for those wealthy assholes. These are the same jerks who block public access to beaches. I have ...
marble falls
Apr 29
#26
Poor millionaires. Next thing you know there will be pleas on MSNBC between the St. Jude's
Vinca
Apr 29
#29
This is happening in cities as condos move into old residential neighborhoods
Chakaconcarne
Apr 29
#41
This is what speculation in property is about. In some future another developer will shit on the owners of ...
marble falls
Apr 29
#51
Don't think views are guaranteed, although might have a case for misrepresentation.
Silent Type
Apr 29
#52
lol... I did notice that the three older building blocked the ocean view from the houses on the shore
BlueWaveNeverEnd
Apr 30
#56