Residences at Gallery Place Condo Board to be Sued by Developers
The developers of the Residences at Gallery Place are suing the building’s condominium association, according to Washington Business Journal reporter Sarah Krouse. Akridge and Western Development Corporation, the developer and owner of the building, is claiming that the building’s condo board hasn’t been forking over standard community costs.
“Akridge and Western Development Corp. say the association has not paid common-area maintenance costs since 2007 and was late paying $126,590 in insurance costs,” Krouse wrote. ”The team is calling for $458,630 in damages plus interest, attorneys fees and a judgment that would require the association to continue to pay for future expenses. The unpaid expenses at the 192-unit building allegedly include cleaning, trash and snow removal, electrical and elevator maintenance, painting and laundry services.”
The Residences at Gallery Place, which were delivered in 2004 as a piece of the giant building that houses Regal Cinemas, Clydes, and other offices, is currently sold out.
The lawsuit is not the first controversy to come out of the Residences at Gallery Place, Krouse explained.
“The condo board has also seen its share of drama,” She wrote. ”Some of the building’s residents are fighting proposed high-tech billboards that would be attached to the building. Akridge and Western Development would share revenue with the advertising company, Grove City, Ohio-based Orange Barrel Media.”
Read Krouse’s entire article on the Washington Business Journal website.
While the Residences at Gallery Place might be sold out, we still have a number of Chinatown condominiums available.
condo buying tips:-Thanks for keeping us updated.