Buyer pays $1.65 million deposit luxury condo, home remains unfinished four years later
Nilesh Undavia and other buyers paid a $1.65 million deposit for luxury condos in Boca Raton, but four years later, their homes remain unfinished. The Mandarin Oriental Residences project is embroiled in a $417.7 million foreclosure lawsuit, complicating refund efforts for buyers. The developer, Penn-Florida Companies, cites rising costs and supply-chain issues as reasons for the delays.