Article Courtesy of The Boca Raton News

By Dale M. King

Published May 12, 2007 

The Florida Attorney General’s Office, Economic Crimes division, has subpoenaed records from Boca East LLC and Ceebraid-Signal Corp., developers of the trouble-plagued Eden condominiums in Boca Raton.

Sandi Copes, spokeswoman for the Attorney General’s Office, confirmed that the subpoenas were sent, but she said she could not disclose the nature of the investigation.

The documents require the firms to provide copies of advertisements, offering statements, prospectus statements, applications and other documents relating to the “financing or financings that you have received or otherwise obtained from lenders and/or any third parties for your development project or projects known as Eden condominium No. 1 or Eden condominium No. 2.”

The AG wants records from Jan. 1, 2004 to the present.  The subpoenas say the documents are to be presented to an assistant attorney general by 10 a.m. on May 28.

Several people contacted at Boca East LLC by the Boca Raton News said they were not aware if the subpoenas had been received.  They referred inquiries to project manager Adam Schlesinger, who did not return messages.

The Eden condominiums – originally conceived as a luxury complex – is not even close to completion. One building is done, another is close to being finished and two others are basically concrete skeletons.

The developer of the project that’s been under construction since 2002 recently submitted a new plan – for 248 independent living units, said attorney Charles Siemon, one of the lawyers for the project.

He told the Boca Raton News the 248 multi-family units are age-restricted, and there will be no assisted-living units. 
 
A preliminary plan submitted in December called for 86 assisted-living units and 193 independent-living units for the Eden