The recent court ruling that enforces Jameson House presales agreements, despite a delayed completion date of May 2011 has some buyers angry and looking to launch an appeal:
“It was called a fairness hearing and I found it to be extremely unfair,” said Becker. “All the rights went to the developer,” she said.
Meanwhile, the real estate market and construction costs have dropped significantly, allowing the developer to use 2007 dollars to build for less in 2009.
“The developer could come out making a profit out of this,” said George Gregory, the lawyer acting for the condo buyers.