Project-Ineligible-Log-Condos.Pdf
Project Ineligible Log ‐ Condo 7‐2‐19 State Project Name Project Location Decision Date Ineligible Project Dakota Las Vegas, NV 8/1/2018 Pending litigation against HOA for exercising super lien rights AL Caribe Orange Beach, AL 36561 3/2/2017 Condotel AL Phoenix III Orange Beach, AL 36561 2/23/2017 Condotel AL Phoenix West II Orange Beach, AL 36561 6/2/2016 Condotel AL Phoenix West II Orange Beach, AL 36561 6/2/2016 Operates as Condotel AL Turquoise Place Orange Beach, AL 36561 6/17/2016 Insufficient reserves, special assess for insurance premiums, condotel features AL Turquoise Place Orange Beach, AL 36561 10/27/2015 Insufficient reserves, special assess for insurance premiums, condotel features AZ Artisan Village at Gila Spring Chandler, AZ 85226 12/16/2015 20% completion & presale AZ Biltmore Promenade Phoenix, AZ 85016 2/3/2016 48% single Entity, not original developer. AZ Chandler Parc Chandler, AZ 85224 5/17/2017 Single entity over 10% (at 26.19%) AZ Chandler Parc Chandler, AZ 85224 5/17/2017 Single entity over 10% (at 26%) AZ Four Peaks Fountain Hills, AZ 85268 10/8/2015 Developer rents 41.5%, overall investor concentration 88.4%. AZ One Lexington Phoenix, AZ 85012 3/4/2015 3/4 project is ineligible due to structural defects case against original developer. AZ Quarter Glendale, AZ 85305 6/24/2015 Defects, Repairs, Dollar amount not known. Trial set December 2015 CA 150 Powell Street San Francisco, CA 94102 5/15/2018 Excessive commercial CA 837‐843 11th Street Santa Monica, CA 90404 4/29/2019 Single entity over 49% CA 1245 Orange Grove Glendale, CA 91205 6/8/2015 PERS required.
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