Florida Development Association (Bentley Bay)
Barry Mukamal was appointed by the Bankruptcy Court to serve as Plan Administrator, replacing the principal developer of an interrupted construction project. The project was comprised of two partially completed twenty-five story, high-rise condominium towers located in South Beach, Florida. Duties included (i) comletion of approximately $25 million of construction; (ii) management and oversight of the General Contractor, subcontractors, engineers and architect (iii) detection, neogitation and remediation of more than $9 million of construction defects; (iv) overseeing municipal inspections and obtaining certificates of occupancy; (v) managing the Homeowners Association turnover and claims process in accordance with Florida Statutes; (vi) sales and marketing of over $30 million of unsold condominium unites; (vii) overseeing more than $90 million of condominium sales closings; (viii) sales and closing of $5.4 million of commercial retail space and marina rights; (ix) managing litigation and (x) distribution of approximately $92 million to creditors.
