The seemingly never ending saga of WCI’s proposed luxury condominium tower in Town Center continues. Despite the facts that the sales center has closed, the deposits returned and the website taken down, the lawyers for the developer have continued to press their case against the legal standing of the towers litigious opposition.
According to this story by Larry Carson in The Sun today, “the Court of Appeals announced last week that it has agreed to examine the lower court decision, which determined that a plaintiff who lives in a condominium next to the tower site has legal standing.”
Although it remains questionable as to whether WCI will actually build this building it does make sense for them to continue to defend their right to build it. A property is worth more with the entitlement to build in place than it would be with a legal issue left unresolved.
In this way, WCI is in the same boat as GGP with its request for zoning changes in Town Center.
So while the steel erectors, architects, and real estate agents wait for an actual building and a better economy, at least the lawyers can make a few bucks with a proposed building and a bad economy.
I Just Don't Get It
2 hours ago