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$200M Developer Lawsuit Heats Up

MIAMI—Less than a month ago, I reported on an unfolding legal drama between a group of developers and the city of Aventura. Look what's happening now.

By Jennifer LeClaire | Updated on February 09, 2015

MIAMI—Less than a month ago, I reported on an unfolding legal drama between a group of developers and the city of Aventura. Privé Developers and BH3 Management, developers of Privé at Island Estates condominium project on an island in Aventura, have filed a $200 million lawsuit against the Miami suburb.

Privé is a twin-tower, 160-residence condominium community planned for an eight-acre island adjacent to Williams Island. Developers estimate the project will create 400 new jobs during construction and provide millions of dollars in new tax revenue that can be used for education and other important projects within the City of Aventura and Miami-Dade County.

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