Edie Laquer's Case Over Miami WorldCenter To Be Decided In Court
Prominent Miami commercial broker Edie Laquer will once again get her day in court in a dispute with her partners on the proposed Miami WorldCenter project, the Third District Court of Appeal ruled Wednesday.
Laquer, president of Miami Beach-based Laquer Corporate Group, has been suing Palm Beach developers Arthur Falcone and Marc Roberts since 2008 over a stake in the nine-block project north of downtown Miami that she alleges was promised but never delivered.
The complicated joint venture lawsuit and a separate action by Laquer asserted claims against her partners for failing to defend her in 2009 foreclosure actions taken against interests in the project.
The joint venture partners agreed to form limited liability companies as a vehicle for assembling land for the project. The LLC operating agreements carried an arbitration clause, which Falcone and Roberts sought to enforce. The appeals court agreed in December 2012 to arbitration of cross-claims in four foreclosure cases.
Falcone and Roberts then asked for the joint venture lawsuit to go to arbitration, which was denied by both the trial court and Wednesday by the appeals court.
It is unclear what the specter of a prolonged legal battle will have on the mixed-use megaproject with retail, hotel, office and residential elements.
Laquer, who has been a notable broker through various Miami real estate cycles, has more recently made a name for herself suing partners who failed to credit her for her contributions. Last summer, she reached a $3.8 million settlement with developer Michael Samuel, whom she had worked with in various projects in Midtown Miami. Laquer alleged Samuel sold his interests in Midtown without giving her what she was owed.