Investors sue Vlad Doronin’s OKO over stalled apartment project in downtown Fort Lauderdale

by Lidia Dinkova

Vlad Doronin’s OKO Group was hit with a lawsuit over its stalled 251-unit apartment project in downtown Fort Lauderdale.  More than 40 investors in OKO’s planned 34-story One River tower say that the developer has failed to advance any “meaningful construction” and is yet to secure a general contractor, three-plus years after obtaining a nearly $100 million construction loan to build the tower, according to the complaint.  The investors sued OKO Group, as well as FPR Investor, the entity in which investors purchased a membership interest, and FPR US 1, the sponsor manager of FPR Investor. London-based Cain International is […]This article originally appeared on The Real Deal. Click here to read the full story.
Eric Reikenis
Eric Reikenis

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