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Peck Plaza And The Hurricane Matthew
Peck Plaza Condominium is one of the buildings that were severely damaged by hurricane Matthew in October 2016.
The Hurricane and ensued lengthy restoration project has displaced owners and tenants in 100 units in the area tallest 343-foot building. It also severely damaged Top of Daytona, the well-known top-floor restaurant, and bar.
Displaced owners are still paying our mortgages. And large assessments are coming.
The building was closed for a $10 million restoration project. A sizable part of it would be insurance money, and sizable part – Special Assessment. It is still not finished, and it would probably take a few more months. They should have been done by now, but Hurricane Irma blew out 9 windows, and 11 sliding doors, plus caused some water damage. As far as I understand, there was also some tension with insurance money. That delayed the project. Imagine the towering Peck Plaza with nothing inside, only metal studs. Everything inside had to be thrown out.
Meanwhile, the owners still have to pay Association Dues, taxes, and it is the 21-st month of the project going and reminding all of us what kind of damage a strong Atlantic Hurricane could bring. This hurricane caused about $600 Mil in damages to ... more

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