Saturday, November 29, 2008

Luxury condo 'a bully building,' unit owners say | ajc.com

Luxury condo 'a bully building,' unit owners say | ajc.com: "Residents won’t gain control of Aqua’s homeowner association until Tivoli Properties, the developer, sells 80 percent of the units. A condo glut and consumer lack of confidence have slowed sales.

Until that threshold is reached, Tivoli and a company it hired, Fifth Street Management, are in charge.

“When we bought into this we assumed the homeowners would take over pretty quickly,” said Larry Smith, who with his wife bought a two-bedroom unit in September after living in a single-family home in Morningside.

“I feel it’s a bully building,” added Judy Toussel, who lives in a three-bedroom unit. “They refuse any input from a homeowner. A homeowner is nonexistent.”"

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That's not "bully" in the Teddy Roosevelt sense.

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