Commercial condo association seeks $650K from Location Ventures’ receiver
A Coconut Grove commercial condo association wants the court-appointed receiver for disgraced developer Rishi Kapoor’s defunct firm to cough up $650,000 in maintenance fees. It’s the latest dust-up surrounding an unfinished mixed-use project at 3120-3170 Commodore Plaza previously being developed by an affiliate of Location Ventures, the defunct Coral Gables-based firm founded by Kapoor in 2016. This month, Andrew Korge’s Miami-based KOR Development canceled a year-old purchase agreement to buy the project and its ground lease for $28.2 million. Bernice Lee, a Miami-based attorney who’s the receiver for Location Ventures and its affiliates, has a back-up buyer lined up, but […]This article originally appeared on The Real Deal. Click here to read the full story.
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