Falling concrete, oil leak: Ritz-Carlton condo owners sue Gencom, Hersha over alleged yearslong neglect

Yearslong neglect of the Ritz-Carlton Tower Residences in Coconut Grove has left the once iconic property in dangerous disrepair, with concrete chunks falling on the street, a new lawsuit says.  Tower Residences Condominium Association, which represents the owners at the 129-unit building, sued former building owner Hersha Hospitality Trust and the new owner, Miami-based Gencom, arguing they should bear the burden for repairs estimated to cost $30 million to $40 million, Coconut Grove Spotlight reported. Unit owners typically would be responsible for about 70 percent of the cost.  The association is asking the court to force Gencom to complete the […]

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