Lotis Wellington rift widens: Developer affiliate sues investor over funding obligations
Lotis Wellington, a 60-acre-plus mixed-use project promising to transform open land in west Palm Beach County, is further devolving into disputes among the partners, this time with a new lawsuit against an investor. Investor Brian Lulfs and entity AMKBJ Partners, which is tied to Lulfs, are accused of failing to provide project capital funding they committed to in contracts, resulting in construction delays, increased costs and carrying expenses, and other issues with the project, according to a lawsuit. JKM Wellington Capital, an entity tied to the developer, filed the complaint on behalf of in Palm Beach Circuit Court on Friday. […]This article originally appeared on The Real Deal. Click here to read the full story.
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