I am writing to inform you of a situation regarding a
downpayment for a real estate purchase that I made in the State of
Florida .
In January 2006 I placed a deposit on an "F" Unit at Signature Place, a pre-construction condominium
developed by Cantor
Development/Gulf Atlantic Communities in St.
Petersburg , FL . I was promised a world-class condominium
designed and built by the top firms in the industry. Unfortunately, what I was promised was
completely different from what was delivered and after repeated attempts to
have my deposit returned, due to the material changes made during construction,
I had to resort to filing a lawsuit against the developer, Gulf Atlantic
Communities. It is my understanding that
the lead lender on the project, Fifth Third Bank of Cincinnati , Ohio
is calling the shots and is not returning ANY deposits.
During the construction process there were numerous material
changes made to the construction of, not only my individual condominium, but
also the building overall. The changes
made to my unit include: a missing hallway closet that was featured in the
original design, completely redesigned kitchen with a significant reduction in
countertop and cabinet space, wider columns in the living room taking up more
floor space and impeding views and a patio that is 10% smaller and represents a
safety hazard due to the final construction design. In addition to these problems in my specific
unit, the building common areas (common rooms, pool area, etc.) are 30% smaller
than originally promised. I believe that
these substantial changes to the original design represent material differences
compared to what I was promised and I had asked the developer and Fifth Third
bank for a refund of my deposit per the terms of my agreement. I also have a signed document stating that I
can get my deposit back at ANY time for any reason. I was still unable to get my deposit back
from the bank or the developer and it is my understanding that they are trying
to make people like me go through extensive litigation and to outspend the
average consumer like me. After months
of trying to resolve this issue amicably, I have had to resort to filing a
lawsuit to attempt to obtain my original deposit.
I would appreciate any assistance in helping to resolve
this matter with Signature Place and getting my deposit returned since this is not what I was
promised or bargained for.