A dispute over a contract to purchase the BP gas station at 1000 Biscayne Boulevard could spell trouble for the One Thousand Museum project.
Court filings reveal that 1000 Biscayne Miami LLC, a company managed by Marc Roberts, entered into a 2007 agreement to purchase the station from 1000 Biscayne Inc. for $26.6 million. 1000 Biscayne Miami LLC failed to close on the purchase by February 17, 2010, which was the written closing date. Shortly thereafter Roberts filed for bankruptcy, but it isn’t clear if he ever properly listed an interest in the company holding the purchase contract.
Records show that the station owner then entered into a new contract in 2012 to sell the property for a $33 million base price, along with up to $27 million in additional purchase price to a separate buyer, the developers of One Thousand Museum.
On June 13, 2014, 1000 Biscayne Inc. sent a notice to Roberts that the 2007 contract had been terminated. In response, court records state that 1000 Biscayne Miami, LLC sent a letter to the developer of One Thousand Museum signed by Marc Roberts on June 23, 2014 warning that ‘if you proceed with the transaction, you will be doing so at your own risk.’
A lawsuit over the matter was filed last week by the seller, 1000 Biscayne Inc. In addition to a declaratory judgement over the 2007 contract, the suit alleges intentional tortious interference with contract against 1000 Biscayne Miami, LLC and Marc Roberts.