Plaza Construction has filed a lawsuit against a Related Group affiliate, seeking at least $5 million in compensation over construction delays at the Paraiso Bay condo tower.
According to the lawsuit, Paraiso Bay’s designers provided incomplete plans. Related has “essentially designed the Project as construction progressed,” causing a “staggering” number of design revisions.
The designs provided by Related were often defective and needed constant revisions, the lawsuit states. Work that had already been completed often needed to be torn out as a result of changes issued by Related, Plaza claims.
Paraiso Bay is to include 358 units in a 53-story condo tower. The original contract called for a Guaranteed Maximum Price of $115,095,533, with substantial completion by January 19, 2017.
At the time of filing, Plaza estimated the new substantial completion date to be November 30, 2017, a delay of over 310 days. The lawsuit was filed on August 24.
Only the first Paraiso Bay tower is the subject of the lawsuit, with adjacent towers being built under separate contracts. In total, over 1,300 units are planned in four towers at the Paraiso Bay complex, the biggest condo construction project in the Miami area.