Grab the popcorn — we might have a good ol’ rock ’em, sock ’em fight on our hands. The developers of One Museum Park East are suing the tower’s condo association, “alleging that the board is trying extract money from the Chicago developers by jacking up moving fees and falsely claiming that nearly $450,000 was misappropriated,” Crain’s reports.
The development group, comprising the Enterprise Companies, Fogelson Properties, and Forest City Enterprises, recently announced plans to rent out some of the building’s unsold inventory. The condo board responded by raising the fees for moving in and out of rentals from $100 to $1,000. The board has also notified homeowners that developers have spent $450,000 from the building’s reserves to pay routine expenses, something the developers deny. Both issues have made it almost impossible to sell or rent units, the suit claims.