Residents at the
ultra-luxury condo development Glass in South Beach say that
the building’s plans were not as translucent as they had
The condo association filed suit, alleging the development group failed to build the 10-unit, 18-story condo development at 120 Ocean Drive in accordance with building codes, manufacturers recommendations and permitted plans.
David Martin, Rene Gonzalez and Glass 120 Ocean Drive
Among the alleged defects: balcony
cracks, water intrusion at multiple locations within the
sliding glass door assemblies, debonded stucco, stucco
cracks, exposed post-tension grout, and cracks in the ground
floor. The suit also alleges Glass is missing a drain at the
ground-floor loading dock area, has corroding mounts, no
fitness center design, and is missing lobby area furniture,
among other issues.
The complaint alleges breach of contract, negligence and breach of Florida condominium law. The suit alleges the association and its members have suffered damages to their property, and claims “extensive rehabilitation and remediation is needed” to repair the damages.
The boutique project was built in 2015 and is one of the last high-rises built in South-of-Fifth. True to the building’s name, the units all have floor-to-ceiling glass windows that boast 360-degree views of the ocean and Miami Beach. A penthouse sold for $20 million in 2015.
But units have not done well on the resale market over the last year. A few weeks ago, Majestic Steel Properties, led by Todd Leebow, sold unit 1200 at Glass to Samuel Susi of Boca Raton for $6.75 million. The sale was 48 percent below the asking price and 14 percent below its previous sale price in 2015.
In October, Dena Grunt of Marshall, California sold unit 1500 at Glass to James R. Craigie for $7.5 million, a 15 percent discount from its last sale price in 2015.