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Murano developer sued

Alan J. Heavens Philly News
Murano developer sued - Murano - developer - United States


Fifty-one early buyers of condominium units at the 43-story Murano at 21st and Market Streets in Center City accused the building's developer Monday of inflating sales figures to boost unit prices.



In a lawsuit, the owners accuse Los Angeles-based Thomas Properties Inc., as well as real estate agents and others, "of misstatements and lies about the level of sales at the Murano, along with other misinformation about the property and the units, from the beginning of marketing in 2005 through August 2009."

"The defendants lied to buyers, lenders, appraisers and the public about how many units had been sold," according to the 445-page suit, which was filed by Andrew A. Chirls and Lauren Cates of Haines & Associates of Philadelphia. The amount of damages sought has yet to be determined, Chirls said.



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