21Nov
UPDATE: Supreme Judicial Court Holds That Each Building in Phased-Development Projects Constitutes Distinct “Improvement” for Purposes of Statute of Repose
Imagine the following. A developer consults with an architect in 2020 about a six-building condominium project. The architect promptly produces a set of plans, which are stamped by an engineer. Over the next three years, the developer secures the necessary permitting from a notoriously stingy local planning board. The developer finally breaks ground in 2024. He completes buildings 1-3 in 2026. Then a recession hits and the developer suspends construction for three years......
By:
Conn Kavanaugh
Related
On July 3, 2020, the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (S...
Read More >
There is an inherent tension in the law between the notion that contracting parties should be held t...
Read More >
The Delaware Court of Chancery recently upheld a provision in a merger agreement that prevented the ...
Read More >
Q: When I am hanging out with my HR friends, we frequently discuss employees we wish we’d never hir...
Read More >
The Further Consolidated Appropriations Act, 2020 (the “Act”), enacted on December 20, 2019, signi...
Read More >
As our economy’s uptick continues to favor buyers, developers often find large parcels of contiguou...
Read More >