Buyers Seek Refunds as Boca Raton Luxury Condo Faces Foreclosure
Buyers including Nilesh Undavia are struggling to get refunds on deposits for unfinished luxury condos at Mandarin Oriental Residences in Boca Raton. The project faces major construction delays and a $417.7 million foreclosure lawsuit. Developer Penn-Florida Companies cites rising construction costs and supply-chain problems as causes, complicating the future for buyers and the project's branding.
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