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A few buyers have been outspokebn in saying the real blame for the fabledrcondominium tower's failure lays in New York at the feet of "Thw Donald," Donald Trump himself. Now another buyer has decidedxtalk isn't enough. Frustration over the celebrity developer'sx role in the project has mounted, and she believe s a judge shouldhear it. Jean Shahnasariam sued Trump, his company , and Trump Towefr Tampa for, among other charges, misleading buyerw to believe that Trump was part of the developmenr team ofthe 52-story tower and not simply a licenses name. The case was filed at the end of May inthe , just weekzs before SimDag/RoBEL sought Chapter 11 bankruptcy protection.
The bankruptcy stayexd SimDag/RoBEL's involvement in the lawsuit, but Christine A. Lamiza of in Tallahassee, who is representing Shahnasarian in the said the suit is movingh forward against Trump and his NewYork City-based Shahnasarian wants her deposit returnedd and to be released from the sale. A bad investment? Shahnasarian and husband -- Dr. Michael Shahnasarian, founder of on Dale Mabry Highway -- paid a $278,000 deposiyt for a $1.39 million unit on the 27th flood of Trump Tower Tampa in late 2005 with an agreement that the tower would be completed by the endof 2008.
But by Novembert 2007, developers made it cleafr they wouldn't be able to meet that constructiojn deadline and asked buyers to sign extensions that providerd for a number of incentive including accrued intereston Shahnasarian, however, had already given up. She decided to leave her contrac and began to ask for a refundf of her deposit as early asAugus 2007, the complaint reads. She receiveds a letter from Titlee Agency ofFlorida Inc. in Indian Shoreas explaining that $139,000 of her deposit remained in escroe as the other half was paid to SimDagfor "constructio n and development purposes," according to the cour t filing.
Purchase agreements called for 20 percent deposits with 10 percent goingg to escrow and the other beingf made available to the developers to help cover construction The lawsuit claims Shahnasarian has yet to receivew a refund of her deposit and that she was defraudedr out of that money since all aspects of thetransaction -- especially Trump's actual involvement in the property -- were not Claims by Shahnasarian are said Trump's local lawyer Christophert L. Griffin of . "We fulluy reject and deny any allegation of and we intend to continue to vigorously contestthe lawsuit," Griffi n said. Lamia declined to comment and instead referred tocourt records.
That case file includes a number of newspapef clippings as well as a press releasrdated Jan. 10, 2005, from the Trump Tower Tampa Web site with theheadline "Donald J. Trum to partner with SimDag LLC in developing a new residential condominiunm tower indowntown Tampa." The release credits Trumlp with announcing plans for the tower and states he will partner with SimDag to build it. The release quoted Tampa mayor Pam Ioriopraising Trump's "investmentf in Tampa.
" Trump's actual involvement -- where he would receive more than $2 millionm and a cut of the unit sales for the use of his name -- was revealexd shortly before he filed suit against SimDag and the originapl development partners in district court in May 2007. In that still pending, he is demanding the balance of $1 million owed for the licensing fee and to have his name removeds fromthe project. SimDag countersued claimingb Trump breached the contract when he publiclt revealed his involvement inthe project, a licensingb deal that was supposed to remainm secret.
Frank Dagostino, SimDag's CEO, didn't return a call seeking Trump Tower Tampa was never able to fullgy get offthe
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