The millionaires and
billionaires that call Faena House home have continued to
face myriad issues. Now, the condo association is taking the
parties involved in developing the tower to court.
The Faena House condo
association, or 3315 Tower Condominium Association, has
filed a lawsuit in Miami-Dade Circuit Court against limited
liability companies tied to Access Industries, Faena Group,
Coastal Construction, Foster + Partners, and about 20 other
The association, which is suing for $30,000 in damages, is
claiming several construction defects, including cracking in
the stucco, slow circulation of hot water, and poor
plumbing, as first reported by The Real Deal.
The association is claiming that it inherited these issues
after investor Len Blavatnik and developer Alan Faena handed
over ownership in fall 2016.
The 18-story Miami Beach residential tower, built in 2015,
has 47 units, with listings ranging from $2.5 million for a
1,185-square-foot unit up to $34 million for a
6,400-square-foot penthouse. The tower is one component of
the Faena District. The area will soon be home to the Aman
Miami project, thanks to a development partnership between
Blavatnik and OKO Group.