Class Action At 1521?

Ashley has a curious post, Just in! Press Release from Buyers of 1521 Floorplan “A”:

However, despite Opus’ representations about the grand scale and spaciousness of the condos, a number of buyers for “A” unit at the building — which was represented to be the best unit carried a matching pricetag — have discovered on their initial walk-throughs that they were hood-winked into reserving the “ugly stepsister” unit of the entire project. Instead of the 8′ foot entry door, open floorplan, and high ceilings they were promised, the buyers of unit A have discovered that the long, narrow entry to the unit is more befitting of an underground bunker than the “spacious living” they were promised (and paid for). As a consequence, several buyers of unit A have retained Dan Donlan of the law firm of Lane Powell to represent them against the developer.

Here’s the floor plan in question:

434947032 ZSjRm S Class Action At 1521?

The attorney in question is Dan Donlan at Lane Powell:

Dan is an experienced litigator who focuses his active practice on complex commercial disputes and advising clients. Dan represents clients in multi-state disputes involving intellectual property, class actions, securities litigation, director and officer liability, regulatory investigations and internet law. In addition to handling general commercial disputes, Dan has litigated over 70 intellectual property cases over the last five years.

When I first read the post I thought it was some strange April Fool’s joke. But perhaps not. If you know more or can forward the full press release please do.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • http://deflationland.blogspot.com christiangustafson

    Oh please.

    They’re just desperate for any excuse to avoid personal financial disaster (i.e. closing on a bubble condo).

    I don’t have any sympathy for the developers, so I urge them to use any and all possible loopholes to abandon ship. Smart RE lawyers have already read up on any precedents set in the Miami condo debacle.

    Miami pioneered condo-tels, so we had to try that, too. Miami had Jim Clark, we have Paul Allen. Miami’s a mess, so is Seattle.

  • http://deflationland.blogspot.com christiangustafson

    Oh please.

    They’re just desperate for any excuse to avoid personal financial disaster (i.e. closing on a bubble condo).

    I don’t have any sympathy for the developers, so I urge them to use any and all possible loopholes to abandon ship. Smart RE lawyers have already read up on any precedents set in the Miami condo debacle.

    Miami pioneered condo-tels, so we had to try that, too. Miami had Jim Clark, we have Paul Allen. Miami’s a mess, so is Seattle.

  • just another dirty renter

    even without taking a walk-through i can tell that hallway is terrible. is that really the best floorplan they could come up with for that space???

  • just another dirty renter

    even without taking a walk-through i can tell that hallway is terrible. is that really the best floorplan they could come up with for that space???

  • CameronRex

    I don’t like the floorplan. However, neither do I see a strong case for buyers who are, in essence, changing their minds. Unit dimentions and square footage would be known when putting in an offer. Christian is exactly right. These are purchasers hoping to both back out AND keep their earnest money. While I think developers can be a bit shady I think these buyers will have to do more than say, “Its not what we expected.” to win their case.

  • CameronRex

    I don’t like the floorplan. However, neither do I see a strong case for buyers who are, in essence, changing their minds. Unit dimentions and square footage would be known when putting in an offer. Christian is exactly right. These are purchasers hoping to both back out AND keep their earnest money. While I think developers can be a bit shady I think these buyers will have to do more than say, “Its not what we expected.” to win their case.

  • eye

    According to Ashley’s original post, the buyers are NOT asking for money (refund or monetary damages or otherwise). They are only asking that their units be fixed.

    Matt — was the floorplan you posted the original one they buyers purchased? Or is it what it looks like now?

  • eye

    According to Ashley’s original post, the buyers are NOT asking for money (refund or monetary damages or otherwise). They are only asking that their units be fixed.

    Matt — was the floorplan you posted the original one they buyers purchased? Or is it what it looks like now?

  • Mark W

    This makes me wonder if the buyers saw a radically different floorplan at the time they locked in their purchase than what was actually delivered. Details in the article are limited, but anyone looking at this plan should have realized that the entryway was obviously long, generally hallway width, and windowless.

  • Mark W

    This makes me wonder if the buyers saw a radically different floorplan at the time they locked in their purchase than what was actually delivered. Details in the article are limited, but anyone looking at this plan should have realized that the entryway was obviously long, generally hallway width, and windowless.

  • http://deflationland.blogspot.com christiangustafson

    The 1521 site is a real piece of marketing work!

    “Designed exclusively for the confident few”

    “Enviably located at the doorstep of the Pike Place Market.”

    “Adventurous in outlook is the way of the home at Fifteen Twenty-One Second Avenue. Fronted by a window wall of floor-to-ceiling glass, the sophisticated simplicity of each generously proportioned home is reflected in the softly polished wood floors, the exclusive-to-project kitchens, the exceptional quality of each finish. Do continue on to learn more.”

    Obviously, 1521 homedebtors are head & shoulders above lowly Olive8 homedebtors. Heck, they’re better than all of us, they have such impeccable taste and so much money.

    I wonder what a mess this development will be in 5 years when it’s full of foreclosures and the remaining owners are hard pressed to support it all.

    I bet it’s a horror house in the end.

  • http://deflationland.blogspot.com christiangustafson

    The 1521 site is a real piece of marketing work!

    “Designed exclusively for the confident few”

    “Enviably located at the doorstep of the Pike Place Market.”

    “Adventurous in outlook is the way of the home at Fifteen Twenty-One Second Avenue. Fronted by a window wall of floor-to-ceiling glass, the sophisticated simplicity of each generously proportioned home is reflected in the softly polished wood floors, the exclusive-to-project kitchens, the exceptional quality of each finish. Do continue on to learn more.”

    Obviously, 1521 homedebtors are head & shoulders above lowly Olive8 homedebtors. Heck, they’re better than all of us, they have such impeccable taste and so much money.

    I wonder what a mess this development will be in 5 years when it’s full of foreclosures and the remaining owners are hard pressed to support it all.

    I bet it’s a horror house in the end.

  • http://twitter.com/mattgoyer mattgoyer

    @eye I grabbed the floor plan off their website.

    @markw Agreed. Looking at the floor plan it seems obvious the entry way would be long and dark.

  • http://blog.mattgoyer.com Matt

    @eye I grabbed the floor plan off their website.

    @markw Agreed. Looking at the floor plan it seems obvious the entry way would be long and dark.

  • Ace

    I’ve toured the 1521 model apartment and had the same thought. Because of the ‘deep plate’ design of the building, the individual units have a slight rabbit warren feel with a lot of drywall in the entry area. It’s noticeably different to other condo’s in that price range that tend to have more of an open plan design and hit you with the view the moment you enter.

    In this case it is likely an attempt by overlawyered buyers to get out of their condo deals with deposits intact, due to the economy going in the tank. Unless these people bought sight unseen…

  • Ace

    I’ve toured the 1521 model apartment and had the same thought. Because of the ‘deep plate’ design of the building, the individual units have a slight rabbit warren feel with a lot of drywall in the entry area. It’s noticeably different to other condo’s in that price range that tend to have more of an open plan design and hit you with the view the moment you enter.

    In this case it is likely an attempt by overlawyered buyers to get out of their condo deals with deposits intact, due to the economy going in the tank. Unless these people bought sight unseen…

  • EconE

    So the A line is the “ugly stepsister”?

    Which line is the “go all night hot and kinky sister”?

    It’s not too hard to envision a space when the developer has floorplans for you to look at before you purchase.

    How can it even be reasonable or for that matter “possible” to redo a floor plan once it’s designed? I might have done it a little different myself (I prefer smaller bedrooms and baths in exchange for a larger living area)…but it certainly isn’t hard to see what I’d be getting here layout wise.

    Perhaps UrbnLivn needs a “bible of floorplans” for every condo in the city. I myself wish every MLS listing had the floorplan similar to the way that NYC seems to have them.

  • EconE

    So the A line is the “ugly stepsister”?

    Which line is the “go all night hot and kinky sister”?

    It’s not too hard to envision a space when the developer has floorplans for you to look at before you purchase.

    How can it even be reasonable or for that matter “possible” to redo a floor plan once it’s designed? I might have done it a little different myself (I prefer smaller bedrooms and baths in exchange for a larger living area)…but it certainly isn’t hard to see what I’d be getting here layout wise.

    Perhaps UrbnLivn needs a “bible of floorplans” for every condo in the city. I myself wish every MLS listing had the floorplan similar to the way that NYC seems to have them.

  • http://meaninglessinseattle.blogspot.com dunno

    Case of people with too much money/lawyers and not enough class trying to get out of an agreement. Either that or they are stupid and lucked into money. Everyone makes mistakes, just take the hit and stop acting like a damn weasel.

  • http://meaninglessinseattle.blogspot.com dunno

    Case of people with too much money/lawyers and not enough class trying to get out of an agreement. Either that or they are stupid and lucked into money. Everyone makes mistakes, just take the hit and stop acting like a damn weasel.