South Florida residential market should feel effects of Opera Tower ruling
A federal judge’s ruling that threw out dozens of lawsuits claiming a local condo project differed from its advertisement should affect the residential market, experts agree, though they predict varying degrees of impact.
A US district judge in Miami this month tossed out 29 lawsuits that claimed Tibor Hollo’s Opera Tower project didn’t deliver what the marketing brochure featured: amenities such as designer tile and an Olympic-sized pool.
Judge Patricia Seitz of the Southern District of Florida ruled that advertising materials do not trump contract terms, which in this case spelled out what buyers were signing for.