THEY'VE GOT BALLS!
The Meridian, a new condo in Boca Raton, is just the latest overpriced, over-hyped, real-estate product.
Located at the Northwest intersection of Palmetto Park Avenue and A1A, this morbidly pink building tries to mask its frugal pompousness with silly design elements such as large concrete balls and oversized balustrades.
The building’s silly attempt at importance is just a small part of the problem. While the developer – Minneapolis-based “Opus Group” -- touted its prized location, upon closer inspection a new condo buyer is bound to be disappointed.
The building is not on the beach, but across from it -- on a very busy, and loud, intersection.
The unfortunate owners will have the calming sound of the waves drowned out by loud music and even noisier cars.
And, the beach is far from tranquil and quiet. It is a boisterous, busy and sometimes dirty. And at least one the building’s buyers – some of whom are paying close to $3 million (and who you think should know better) – has already started litigation against the developer.
One buyer, Irvling L “Irv” Slosberg, has reportedly sued because he claims the developer short-changed him on square footage. While this is possible, could it be that Slosberg realized he was paying a large sum of money, for an awful building, location, and apartment that turned out to be less than idyllic?
Comments
Though much of the available is fairly priced, ll agree with you that some is quite over inflated both in terms of price and what's being offered. This is one of the things that's really hurting the market right now and keeps people from buying not just in the Boca area but everywhere else too.
Posted by: Karen | February 29, 2008 4:43 PM