One Thousand Museum condo association sues developer over financial reserves

Amir Korangy, Founder and Publisher
Amir Korangy, Founder and Publisher
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The condo association for One Thousand Museum, a downtown Miami tower designed by Zaha Hadid, filed a lawsuit against the building’s developer over a vote to waive funding for the association’s financial reserves, according to an April 1 complaint.

This legal action is the second suit brought by the association against the developer within a year. The previous lawsuit, filed in February 2025, focused on alleged construction defects. The outcome of that case remains pending.

Developers Louis Birdman, Gilberto Bomeny, Kevin Venger, Gregg Covin and Todd Michael Glaser completed One Thousand Museum in 2019. The building features 62 stories and contains 84 units at 1000 Biscayne Boulevard. Notable buyers have included billionaire hedge fund manager Ken Griffin and celebrities David and Victoria Beckham.

In its latest complaint, the condo association claims that when developers voted to waive reserve funding for a third fiscal year, it resulted in nearly $1.4 million not being contributed to the association’s bank account. The group is seeking recovery of those funds as well as more than $84,000 it alleges is owed by the developer for unpaid services. According to the lawsuit filed last week, “the developer ‘orchestrated’ its vote to waive the reserves because it didn’t have the money to pay.” It also references a March 2021 article from The Real Deal about developers securing a $90 million loan from Cirrus Real Estate Partners amid foreclosure threats from Reuben Brothers.

The disputed vote took place in December 2020 when most units were still owned by developers. State law allows such votes during an association’s first two years or after control shifts fully to unit owners; however, this vote applied to year three and allegedly involved owners without valid voting certificates on file—a point raised by the association as grounds for reducing authorized votes.

Developers did not immediately respond when contacted about these allegations. Meanwhile, other lawsuits involving construction defects continue against several subcontractors named as defendants.

Recent real estate activity at One Thousand Museum includes David and Victoria Beckham selling their penthouse earlier this year for $24.6 million and Marc Anthony selling his unit last fall at an $2.4 million loss compared with his purchase price two years prior. Ken Griffin listed his penthouse with Corcoran Group’s Leah Barney at an asking price of $21 million last year.

Known for its exoskeleton design featured on PBS’s “Impossible Builds,” One Thousand Museum stands out as Zaha Hadid’s only residential project in Miami before her unexpected death during its construction.



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