{"id":1384,"date":"2026-06-04T21:01:27","date_gmt":"2026-06-04T21:01:27","guid":{"rendered":"https:\/\/floridamovingchronicle.com\/?p=1384"},"modified":"2026-06-04T21:01:27","modified_gmt":"2026-06-04T21:01:27","slug":"developer-in-high-profile-miami-condo-buyout-is-sued-over-luxury-bahamas-project-2","status":"publish","type":"post","link":"https:\/\/floridamovingchronicle.com\/?p=1384","title":{"rendered":"Developer in high-profile Miami condo buyout is sued over luxury Bahamas project"},"content":{"rendered":"<article><!-- --><!-- --><!-- WPS-5038 -- removed the script from WPS and added the placeholder for trinity player --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- --><!-- CONTENT --><!--[--><!--[--><\/p>\n<p>A South Florida development firm already embroiled in a high-profile legal dispute over an attempted Edgewater condo buyout is being sued over a Four Seasons-branded luxury residential development in the Bahamas.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1383\">Miami-Dade Commissioner Oliver Gilbert is running to succeed Frederica Wilson<\/a><\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Soho Development filed an amended complaint against Two Roads Development in New York Supreme Court Wednesday seeking more than $30 million in damages over allegations that the company cut them out of a $300 million development on Paradise Island, just off the coast of the Bahamian capital of Nassau.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Soho alleges Two Roads breached a contract between the two firms by pursuing the development project with another firm to which Soho had introduced Two Roads. Soho alleges Two Roads began working on the development with Access Industries, the firm that owns the 6.15-acre beachfront parcel, without informing Soho.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>\u201cSoho entrusted Two Roads with a lucrative opportunity, the relationships that made it possible, and four years of confidential work \u2014 and got false assurances in return,\u201d said attorney William A. Brewer III in a statement. \u201cWe intend to hold Two Roads to the commitment it made.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The suit was originally filed in July 2025, about six months after the Paradise Island project \u2013 Two Roads\u2019 first in the Bahamas \u2013 broke ground. In the amended complaint filed this week, the plaintiff accused Two Roads of unjust enrichment, in addition to breach of contract. Soho claims Two Roads stands to earn more than $50 million from the project.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>In a statement to the Miami Herald after the amended complaint was filed, Two Roads managing partner Taylor Collins said the suit was \u201cdevoid of factual basis.\u201d<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<h2>Two Roads involved in other multimillion-dollar suits<\/h2>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Two Roads has been at the center of a multi-year legal dispute over its attempts to terminate and redevelop Biscayne 21, a bayfront condo building in Miami\u2019s Edgewater neighborhood.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The developer began buying up units in the building several years ago, but some unit owners did not want to sell. The condo\u2019s founding documents required 100% unit owner approval to terminate the condo association, so the developer tried to use its majority vote to amend that threshold. And in a rare win for residents suing a developer, a judge ruled last year that Two Roads could not terminate the association that way.<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1381\">Doral real estate agent killed daughters and their mother then himself: MDSO<\/a><\/p>\n<p><!--]--><!--[--><\/p>\n<p>Earlier this year, the judge ruled that Two Roads had to repair the condo, which it had begun to demolish while the suit was still ongoing. At the time, the developer estimated it would cost more than $60 million to restore the MiMo-era building.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>The suit has attracted statewide attention, as a growing number of developers try to take over aging condo buildings on prime lots, tear them down and build luxury condos. Last month, several people who bought units at the luxury Marriott-branded condo tower planned for the Biscayne 21 site sued Two Roads to try to get their deposits back.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Two Roads filed a countersuit against the holdout Biscayne 21 owners, arguing that the building was in such a state of disrepair that it did not make financial sense to repair it. The developer asked the judge to grant an economic termination, which typically happens when a building is damaged by a natural disaster, and the repairs would cost more than the value of the building.<\/p>\n<p><!--]--><!--[--><\/p>\n<p>In the months since Two Roads filed the suit, the Biscayne 21 residents and the developer been battling in court over whether the developer is on the hook for the repair bill.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Glen Waldman, the attorney representing the Biscayne 21 residents, has taken issue with Two Roads\u2019 assertion that the building\u2019s current state of disrepair is enough of a reason to terminate the condo association, because the developer caused the damage to the building. A judge will decide whether this argument holds up in a trial, which Waldman said will likely take place near the end of the year.<\/p>\n<p><!-- --><!--]--><!--[--><\/p>\n<p>Two Roads said in a statement about the Biscayne 21 dispute that it is \u201cencouraged by the progress to date\u201d and remains \u201cfocused on moving the project forward.\u201d<\/p>\n<p><!--]--><!--[--><\/p>\n<p>Waldman said he was unsurprised to see that Two Roads is involved in other litigation: \u201cLeopards don\u2019t change their spots.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/floridamovingchronicle.com\/?p=1379\">Broward cities want their \u2018fair share\u2019 of FIFA World Cup hype<\/a><\/p>\n<p><!-- --><!--]--><!--]--><!-- --><\/p>\n<p>This story was originally published <span>June 4, 2026 at 4:11 PM<span>.<\/span><\/span><!-- --><\/p>\n<p><!-- --><!-- --><\/article>\n","protected":false},"excerpt":{"rendered":"<p>Two Roads, developer at the center of Edgewater Biscayne 21 condo termination lawsuit, has been sued over luxury Four Seasons-branded project in the Bahamas.<\/p>\n","protected":false},"author":1,"featured_media":1376,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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