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Developer, Neighbors Settle Fla. Condo Project Suit For $22M

Law360 (March 12, 2018, 7:14 PM EDT) -- The developer of the luxurious Privé at Island Estates condo towers near Miami will accept $21.6 million from a neighboring homeowners association to avoid further litigation after he won a $26.7 million verdict for the HOA's breach of an agreement to not oppose the project, according to his attorney.

The Williams Island Property Owners Association Inc. voted Thursday to ratify the agreement with developer Gary Cohen and his company, Two Islands Development Corp., according to Glen Waldman of Waldman Barnett PL, who represents the developer.

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