A bitter seven-year legal battle between the family that co-developed Miami Beach’s Z Ocean Hotel and an investor who arrived after the project was finished and in financial straits ended in favor of the investor.
South Beach Resort Development LLC completed the 80-unit Z Ocean hotel-condominium at 14th Street and Collins Avenue in 2006. Units are individually owned but subject to short-term stays by owners who rent them in a building designated for transient rather than residential use. Owners can rent units on their own or through the onsite Crowne Plaza South Beach.
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