A class-action lawsuit has been filed by the homeowners of the Hoakalei Resort and Ocean Pointe communities in Ewa Beach against developer Haseko Inc for failure to provide a small boat marina that connects to the ocean. According to the lawsuit, the homeowners are claiming that Haseko had lied to them and violated state condominium laws, land sale, and fair trade practices and breached an implied contract when Haseko decided not to build a marina for the neighborhood. In November 2011, Haseko announced that instead of building a marina, they would build a land-locked lagoon. Haseko stated at that time that there was a lack of demand for market-priced boat slips and that the cost was too great to excavate a channel from the lagoon to the ocean. This decision by Haseko, homeowners argue, has materially affected the value of their properties. The lawsuit represents over 700 homeowners in the Hoakalei Resort and Ocean Pointe neighborhoods who purchased their homes before November 2011.
Source: Honolulu Star Advertiser, 7-18-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
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