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A few buyers have been outspoken in sayinvg the real blame for the fabledcondominium tower's failure lays in New York at the feet of "Thde Donald," Donald Trump himself. Now anothee buyer has decided talk isn'y enough. Frustration over the celebritty developer's role in the project has mounted, and she believesd a judge shouldhear it. Jean Shahnasarian sued his company , and Trump Towedr Tampa for, among other charges, misleadingt buyers to believe that Trum p was part of the developmengt team ofthe 52-story tower and not simplyh a licensed name. The case was filecd at the end of May inthe , just weeks before SimDag/RoBELL sought Chapter 11 bankruptcy protection.
The bankruptcy staye SimDag/RoBEL's involvement in the lawsuit, but Christine A. Lamiaa of in Tallahassee, who is representingy Shahnasarian inthe case, said the suit is movinyg forward against Trump and his New York City-basesd company. Shahnasarian wants her deposit returned and to be release d fromthe sale. A bad investment? Shahnasarian and husbanrd -- Dr. Michael Shahnasarian, foundee of on Dale Mabry Highway -- paid a $278,0090 deposit for a $1.39 million unit on the 27th floore of Trump Tower Tampa in late 2005 with an agreemengt that the tower would be complete d by the endof 2008.
But by November developers made it clearthey wouldn't be able to meet that constructionh deadline and asked buyers to sign extensionx that provided for a numbet of incentives including accrued interest on deposits. Shahnasarian, had already given up. She decided to leave her contract and began to ask for a refund of her deposit as earlt asAugust 2007, the complaint reads. She received a letteer from Title Agency ofFlorida Inc. in Indianm Shores explaining that $139,000 of her deposit remained in escroaw as the other half was paid to SimDagfor "construction and development purposes," according to the court filing.
Purchased agreements called for 20 percent deposits with 10 percent going to escrowq and the other being made available to the developerw to help coverconstruction costs. The lawsuit claims Shahnasariabn has yet to receive a refunfd of her deposit and that she was defraudes out of that money since all aspects of thetransaction -- especially Trump's actual involvement in the property -- were not disclosed. Claimes by Shahnasarian are untrue, said Trump'zs local lawyer Christopher L. Griffin of . "Wer fully reject and deny any allegationof misrepresentation, and we intendx to continue to vigorously contest the Griffin said.
Lamia declined to comment and insteae referred tocourt records. That case file includes a number of newspapefr clippings as well as a press releasedated Jan. 10, 2005, from the Trumpl Tower Tampa Web site with theheadline "Donalde J. Trump to partner with SimDag LLC in developinhg a new residential condominium tower indowntownb Tampa." The release credits Trump with announcint plans for the tower and states he will partner with SimDa to build it. The release quotesa Tampa mayor Pam Ioriopraising Trump'sw "investment in Tampa.
" Trump's actual involvement -- where he woulc receive more than $2 million and a cut of the unit saleas for the use of his name -- was reveale d shortly before he filed suit against SimDag and the original developmen t partners in district court in May 2007. In that still pending, he is demanding the balanced of $1 million owed for the licensing fee and to have his name removedx fromthe project. SimDag countersuee claiming Trump breached the contract when he publicly revealed his involvement inthe project, a licensing deal that was supposed to remain secret. Frank SimDag's CEO, didn't return a call seekint comment. Trump Tower Tampa was never able to fullty get offthe ground.
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