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The new millennium has brought with it a substantial upturn in development of large tower condominium and multi-use condominiums. Such condominiums often include multi-million dollar units, high-end retail stores and anchor hotels or grocery stores. Each of these segments is part of a master condominium. This is a burgeoning area of law and property management. What is best for a hotel may conflict with the interest of individual homeowners. What works for a retail store, may be offensive to a homeowner. Issues of parking, easements, common areas, pools and pets that are part of each and every standard condominium take on special significance and impact within tower condominiums and multi-use condominiums. This is a highly specialized area of association management and law that should be handled only by well qualified and experienced counsel. |
