FLORIDA – Signature Place condo owners sue over repairs to correct building problems
At least some of the alleged defects were hidden by building components and finishes and thus were not discovered by owners “until after the purchase and occupancy of the unit,” said the lawsuit, filed last week in Pinellas County Circuit Court.
Signature Place, at 175 First Street S, was announced in 2005 at the peak of the real estate boom and neared completion just as the market collapsed in 2008. Plagued by slow sales, developer Joel Cantor had to slash prices and finally resorted to an auction to unload dozens of the tower’s 244 units. Prices, though, have recently rebounded in St. Petersburg’s hot downtown condo market. Read more: