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Residents of Packard condos settle suit with developer

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Residents of downtown's The Packard condominiums have settled a two-year-old lawsuit with developer Kosene & Kosene Residential.

Terms of the settlement were not disclosed, but the homeowners association noted in a statement that the agreement would lead to repayment of a construction loan and avoidance of a special assessment on residents.

The association said it spent about $3 million on "renovation and remediation" of subpar construction of the condo building, which opened in 2004 at 450 E. Ohio St. The work required  removal of the façade to the studs to eliminate mold that had spread because the structure was built without weatherproofing.

Attorney Joe Chapelle of Barnes & Thornburg represented Packard condo owners. He also represented the owners of The Hudson condos, another Kosene & Kosene project, in a similar suit.

"In both cases we were eventually pleased to reach fair settlements for the homeowners which allowed all defects to be corrected," Chapelle said in a statement.

Kosene blamed at least 25 subcontractors, which participated in mediation, the statement noted.

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  • Integrity
    You're right on Joseph. What makes it worse is that the Kosene brothers denied anything was wrong for over 5 years. Can't trust these guys!
  • Pot, meet kettle
    There is no developer on the planet that isn't aware of what their subcontractors are doing (or not doing). They hire construction superintendents. They have architects and engineers on site to observe construction progress. If your subcontractor wasn't doing their job, you fire them and find someone who will. If people wonder why more condos aren't being built, developers like Kosene & Kosene are the reason. I am glad the residents were on the winning end after a long battle.

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