November 27, 2014
Condominium buyers have filed a class action lawsuit against the developers of the Pinnacle Las Vegas condo tower, which still has not been built despite its announcement three years ago.
The proposed $740 million condo-hotel was to be developed at Tropicana Avenue and Cameron Street.
Green Cable LLC last month sued the project's development team for breach of contract.
It's seeking at least $5 million in returned deposits, damages and attorney's fees.
The lawsuit alleges that buyers bought units with the understanding that Pinnacle would open by August.
Pinnacle calls for two 36-story, faceted gold glass towers connected by three sky bridges containing 1,100 condo-hotel units.
Cynthia LaVasseur, an attorney representing the defendants, says
the suit is without merit and that the companies will file an action to dismiss it.
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