February 07, 2012 02:33 PM Eastern Time
SAN FRANCISCO--(EON: Enhanced Online News)--Owners of residences at a condominium building adjacent to Candlestick Park have recouped $5.2 million for serious construction defects, after emergency shoring was conducted in the interior common walkways.
“We are very pleased with this settlement. It provides us with enough to fix the problems, and reinforce our homeowners’ investments in this building. If we did not pursue a claim against the responsible parties, our families would have been saddled with a truly enormous economic burden.”
The 64-unit building at the St. Francis Bay – One Hundred One Crescent Way Homeowners Association reached a settlement in mediation after only 20 months from the date of the filing of the complaint in Superior Court. The recovery is being funded by insurance companies for the builder, general contractor and subcontractors.
These units were built in 2001 by St. Francis Bay, Inc., James E. Roberts Obayashi Corporation and Top Grade Construction. In 2004, they were converted from apartments into condominiums and sold by Top Vision Development, LLC.
“More builders today are facing complaints of shoddy construction,” said attorney Thomas E. Miller of The Miller Law Firm. “What was so surprising here was that we had no idea that there were serious life safety threats until experts advised us to just open up some small areas in the walls, only to see major rotting of the structural support beams. It is a wake up call to owners that while theirs may look like a new, fresh building, minimal investigation can help uncover millions of dollars worth of damage.”
Dave Holland, President of the Homeowners Association, states, “We are very pleased with this settlement. It provides us with enough to fix the problems, and reinforce our homeowners’ investments in this building. If we did not pursue a claim against the responsible parties, our families would have been saddled with a truly enormous economic burden.”
According to Mary Jacobs of Eugene Burger Management Corporation, “While we had some complaints of leaks and cracks, we were surprised to learn what appeared to be a sturdy building was really shielding serious water intrusion damage and other issues due to construction defects. Seeking the advice of experts was such an important step in helping restore this community for all the homeowners and their families.”
Detailed information regarding this case can be accessed via the San Francisco Superior Court website at www.sftc.org, case number CGC-10-497142.
for The Miller Law Firm
Charles Goodyear, 415-265-1545 (Media)
for Eugene Burger Management Corporation
Lori Burger, 707-584-5123 (Marketing)