Conversion of Cooperative Property into Condominium

Cooperative Association

Counsel to a cooperative association in the conversion of over 400 cooperative units to condominium form of ownership, resulting in a significant increase in each unit’s property value post-conversion.

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Sonja C. Darby
Of Counsel
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Experience
Representation of debtor in possession in the chapter 11 case of Cabi Downtown LLC, the owner of an 849-unit condominium project owing over $250 million to a bank consortium, defaulting unit purchasers, trade creditors, and its general contractor. The case was the first large condominium filing in S...
Experience
Representation of joint venture between Starwood Hotels & Resorts and The Related Group of Florida regarding zoning and land use for the redevelopment of the six-star St. Regis Bal Harbour. The $1.5 billion project, located across from the Shops at Bal Harbour, consists of 285 condo-hotel units ...
Experience
Representation of Consultatio, a development and financial firm owned by Argentine businessman Eduardo Constantini, in obtaining approval for the rezoning of a 5.5-acre oceanfront site in Bal Harbour to develop an 850,000-square-foot, 260-unit luxury high-rise condominium. We successfully negotiated...
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