{"id":241221,"date":"2026-04-22T02:01:11","date_gmt":"2026-04-22T02:01:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/241221\/"},"modified":"2026-04-22T02:01:11","modified_gmt":"2026-04-22T02:01:11","slug":"aston-martin-residences-developer-builders-sued-by-buyers-for-cracked-concrete-pool-leaks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/241221\/","title":{"rendered":"Aston Martin Residences Developer, Builders Sued By Buyers For Cracked Concrete, Pool Leaks"},"content":{"rendered":"

The\u00a0residents of the world\u2019s first Aston Martin<\/a>-branded residential\u00a0project are adding construction defects to their growing list of issues with the building’s developer after previously accusing\u00a0it\u00a0of siphoning funds from their condo association and failing to deliver luxury amenities.<\/p>\n

\"Placeholder\"\/<\/p>\n

\n Aston Martin Residences at 300 Biscayne Blvd. Way\n <\/p>\n

The association\u00a0filed suit last week alleging\u00a0negligence by the developer, contractor and subcontractors\u00a0that built the 66-story Aston Martin Residences, claiming they violated building codes through improper design and construction of the building\u2019s systems and components.<\/p>\n

The suit filed April 15 in Miami-Dade County Circuit Court by\u00a0300 Biscayne Boulevard Way Condominium Association names Riverwalk East Developments LLC, an entity led by Argentinian grocery mogul German Coto<\/a>, and 16\u00a0firms that were involved in building the project.<\/p>\n

It\u00a0is the latest dispute over the\u00a0condition of the ultra-luxury building.\u00a0In February, the association accused the developer<\/a> of self-dealing, fraud and\u00a0failing to build\u00a0luxury amenities, such as a helipad and beach club access, that were promised during preconstruction.<\/p>\n

The association, in its latest suit, is seeking at least $750K and to compel repairs of alleged defects, such as spalling concrete, exposed rebar and cracks\u00a0attached to the building’s pool that are leaking water. The cost\u00a0of the repairs is estimated to be in the millions.<\/p>\n

\u201cIsn’t it ironic that it’s the people who paid the money to get the first-class luxury building are the ones who are left with the responsibility that the developer, who made hundreds of millions of dollars, presumably, has chosen not to take ownership of,\u201d\u00a0David Haber<\/a>,\u00a0an attorney representing the association, said Tuesday.<\/p>\n

G&G Business Developments, led by Coto, purchased<\/a> the 1.3-acre site at the mouth of the Miami River and Biscayne Bay for $125M in 2014 and launched sales for the billion-dollar tower in 2016.<\/p>\n

Coto, who owns the Argentinian supermarket chain Coto Supermarkets, planned to finish the 341-unit tower by 2020, but it didn\u2019t open its doors until 2024 due to delays brought on by the pandemic. The 817-foot-tall\u00a0building opened 99% presold, including a penthouse that sold for $23M<\/a>.<\/p>\n

“This condo association has made some seriously outlandish allegations against some very good people and companies in an effort to deflect attention from the board\u2019s decision to not honor statutory obligation,\u201d a Riverwalk East Developments spokesperson said in a statement shared with\u00a0Bisnow.<\/p>\n

\u201cThe developer has formally responded to these allegations through the appropriate legal channels and remains confident that, once all facts are fully reviewed, the court will reach a fair and favorable determination.\u201d<\/p>\n

Besides Riverwalk, Revuelta Architecture International, contractor Coastal Construction South Florida and structural engineer\u00a0DeSimone Consulting Engineering<\/a> Corp.\u00a0are among the companies named in the suit. None responded to a request for comment except for TK Elevator Corp., which declined to comment.<\/p>\n

The association\u00a0hired Epic Forensics & Engineering to complete a property condition assessment report after gaining control of the building in March 2025, standard practice after the developer turns over control of the property.<\/p>\n

The report found a number of issues, including cracks in concrete, exposed post-tension tendons, waterproofing failures, seawall cracks and corrosion, elevator defects, and fire system leaks and corrosion.<\/p>\n

The suit also claims that Coastal failed to design, install and\/or sufficiently inspect the pool, spa and water features, which has led to active or past leaks, corrosion of reinforcing steel and other structural components, and water intrusion.<\/p>\n

The most alarming defect, Haber said, is\u00a0the slab edges on balconies showing signs of erosion and loose concrete, running the risk of construction materials falling hundreds of feet onto the street below.<\/p>\n

\u201cSpalling concrete shouldn\u2019t occur in any high-rise,\u201d Haber said.<\/p>\n

\u201cIt\u2019s one thing to have a couple of cracks,\u201d he added. \u201cIt\u2019s not normal to have the concrete at risk of falling off the building\u201d<\/p>\n

The issue, which was identified by Epic as an immediate life safety issue, has since been resolved\u00a0by removing the loose pieces. But\u00a0the areas now need immediate repair, and the association was forced to pay for the work already done.<\/p>\n

The cost of the repairs\u00a0is expected to surpass the millions, Haber said, adding that the developer hasn’t been responsive to buyers’ concerns.<\/p>\n

“Virtually every high-rise is dealing with construction defects,”\u00a0he said.<\/p>\n

“The reality is that these people should be held to a higher standard, and if they don’t build it right, they should be required to fix it,” he added.<\/p>\n

The association’s president, Michael Diaz, told\u00a0Bisnow\u00a0in February that he got \u201cthe opposite\u201d of a luxury experience despite buying a unit in a building\u00a0carrying the brand\u00a0of an iconic British sports car.<\/p>\n

The buyers\u00a0found that Coto, before turning over control of the association, signed contracts to hire his business associates for\u00a0building management, concierge services, security, valet and cleaning at prices higher than fair market value, according to the previous suit.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The\u00a0residents of the world\u2019s first Aston Martin-branded residential\u00a0project are adding construction defects to their growing list of issues…\n","protected":false},"author":2,"featured_media":142756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[20138,13989,106666,106667,29840,69237,225,227,226],"class_list":["post-241221","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-aston-martin","tag-aston-martin-residences","tag-coastal-construction-group","tag-desimone-consulting-engineering","tag-edgewater","tag-german-coto","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/241221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=241221"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/241221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/142756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=241221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=241221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=241221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}