LOS ANGELES, Nov. 8, 2016 /PRNewswire/ -- The Miller Law Firm reached a $7,300,000 settlement for the Barker Block Homeowners Association to help correct common area building defects at the live/work loft community, originally converted and sold by The KOR Group ("KOR") and CityView.
This is believed to be the largest single settlement against KOR for construction defects on one of its many high profile residential projects in California. "These proceeds will immediately go to reconstructing and replacing all of the building systems that were compromised by the shoddy construction practices of KOR and return the community to its well-earned reputation," states the Board of Directors of the Barker Block Homeowners Association. This 310-unit loft condominium project at 510/530 S. Hewitt St. and 527 Molino St. in the Arts District of Los Angeles, was a former furniture manufacturing factory that was acquired in 2004 by KOR. KOR designed, built, renovated and marketed "this discreetly high profile landmark" with the investment backing of Henry Cisneros' CityView. KOR currently advertises Barker Block on its website as a "cutting edge" and "one of a kind live/work lofts" whose "experienced leadership, celebrities, artists, and style luminaries were drawn to the project, purchasing units and effectively selling out Phase One." According to Thomas E. Miller, an attorney with 43 years of construction defect experience, " Los Angeles' popular Adaptive Reuse Ordinance brought numerous LA landmark buildings back to life. Like any era where there is a building boom to satisfy consumer housing demands, especially in high profile neighborhoods like the Arts District, building deficiencies naturally arise due to the lack of proper oversight, a shortage of trained workers, and the sheer speed of design and construction to market and sell the units." Two phases were sold under what is called "The Hewitt Project" with 242 units, and "The Molino Project" with 68 units, all located in six industrial buildings with a roof-top pool, spa, fitness center, fireplace, viewing area and other stylized amenities.