I've seen headlines blaring big settlements before, and lawyers advertise what they've recovered in claims for clients, but this one in Texas (everything is big in Texas) is the biggest I've seen for a CD...read on and see what I mean.
Developers of a luxury high-rise condominium under construction on South Padre Island have sued architects, engineers and contractors for $125 million to repair their 31-story complex.
Ocean Tower L.P., a Texas Limited Partnership, sued Raba-Kistner Consultants Inc. of San Antonio; Datum Engineering Inc. of Austin; and Zachry Construction Corp. of San Antonio in 357th state District Court, claiming it will cost at least $25 million to straighten and repair the sagging high-rise, according to the lawsuit.
Representatives of the three companies that were sued declined on Wednesday to comment on the allegations.
Cameron County Building Inspector Noe Benavidez said in mid-June that construction had ceased at Ocean Tower because the building had a "settling problem," a defect confirmed by Domit Development of McAllen on June 19.
The building is outside the South Padre Island city limit, and is therefore under the jurisdiction of the county building department.
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